If You Bought $5 of Bitcoin 7 Years Ago, You’d Be $4.4 Million Richer
With Tesla investing 1.5b sending BTC roaring , Morgan Stanley has now announced that it too may Bet on Bitcoin with it’s $150 Billion Investment Arm. We can imagine that if BTC jumped $7,000 from Tesla, this one should be massive. Are we on our way to $100,000?
Seven years ago, the value of a single bitcoin was worth a quarter-of-a-cent. Today, that single bitcoin is worth upwards of $2,200.
Monday marked the seventh anniversary of what is said to be the first recorded instance of bitcoin used in a real world transaction. Over the course of seven years, bitcoin’s value has multiplied 879,999 times over since 2010. If an investor had decided to spend five dollars back then on about 2,000 bitcoins, that stake would be worth $4.4 million today. With $1,200 spent on some 480,000 bitcoins, the investor would be worth at least $1.1 billion today.
We don’t have to go back the early days to show returns, just back to 2020!
Bitcoin and its strong performance has been one of the biggest investing stories of 2020. Investors continue to pour more money into cryptocurrency. Here’s how well bitcoin performed in 2020.
Investors who put $1,000 in bitcoin on Jan. 1, 2020, would have been able to purchase .13966 bitcoin based on a starting price of $7,160.
Bitcoin traded at $23,605 on Dec. 23, which would make that .13966 Bitcoin worth $3,296.67. That represents a return of 230% on the original theoretical investment.
On the heels of Tesla’s purchase of $1.5 billion in Bitcoin, the cryptocurrency is hotter than ever, hitting new highs and nudging more fence-sitters into action.
Talk of $100K Bitcoin is growing louder after the cryptocurrency king surged to a fresh all-time high Wednesday of $US35,240 ($45,345) on a raft of reasons including political uncertainty in the US, a weaker US dollar and relaxed central bank monetary policy.
$100K Bitcoin could arrive ‘within three to eight months!’
Having FOMO? Many investors who shunned bitcoin in the 2-5$ range feel that getting in now might earn them some gains, yet not the life changing ones we have com to expect.
Yet, by the end of 2022 Coins like Cardano (ADA) ,without a doubt, all wins of this project in the following years will influence the coin’s price positively. It is likely that the project will become a usual part of the financial system and an important and effective smart contract operator and priced along with Etherium currently holding at $1,800, the price of ADA today is sub 1$ and can reach $1.5 to $2 within next quarter,