The “OG” of crypto coins, Bitcoin (BTC), has seen a lot of volatility over the years. On November 10, 2021, the value of BTC reached an all-time high of $68.789.63.
However, its value has plummeted by $51,963 in just a year and is now worth $16,826 (as of writing this), according to Coindesk.
Even if bitcoin is worth much less than when it was at its peak, a $1,000 investment seven years ago (in 2015) would have resulted in a massive profit.
A Future That Paid Off
In 2015, Bitcoin was, sort of, coming into mainstream and was the talk of the town, especially among crypto enthusiasts. Throughout 2015, the price of bitcoin fluctuated between $200 and $430.
Let’s assume that you invested $10,000 in Bitcoin in December 2015 at the rate of $400 per BTC. That would have bought you 25 Bitcoins at that time.
According to today’s (as of 7th December, 2022) price, 25 Bitcoins would be worth $420, 650 – a making you rich simply by reaping the benefits perseverance, a 7 year long perseverance.
You could argue that who had $10,000 lying around in 2015, not me! Well, if you had just bought $1000 worth of Bitcoins in 2015 (at $400 per BTC), you could have made $42,000 today, which is a 42x return on investment.
Similarly, $500 invested in Bitcoin 7 years ago is now worth $21,000, and $100 invested in Bitcoin 7 years ago is now worth $4200.
Please keep in mind that this estimate excludes any additional fees or transaction costs.
PSA: If you bought BTC when it peaked at $65,000–68,000, sit tight.
Disclaimer: This is strictly not an investment advice. Please do your due diligence before investing in any asset.
Also Read: Explained: What is NVIDIA Omniverse? Is Omniverse a Metaverse?
Source: https://coingape.com/blog/heres-how-much-10000-invested-in-bitcoin-7-years-ago-would-be-worth-today/