Bitrabo Editorial
The evolution of Bitcoin’s price from its humble beginnings to its current value has impressed and haunted early cryptocurrency investors. The allure of transforming a small initial investment into millions has attracted many to Bitcoin and the broader crypto industry. Let’s explore how much profit one would have today if they had bought $100 worth of Bitcoin 14 years ago.
Bitcoin’s Value was $0.05 14 Years Ago
According to Pete Rizzo, the author of the Bitcoin History newsletter, 14 years ago, the price of Bitcoin stood at a meager $0.05 per coin. This price point seems unimaginable when viewed from the lens of today’s valuations.
This early price point of Bitcoin highlights the cryptocurrency’s intrinsic value and the enormous possibilities available to those who made purchases during that time. It provided a unique opportunity for individuals to amass wealth for generations, with early adopters reaping significant rewards.
For context, investing $100 in Bitcoin when it was trading at $0.05 14 years ago would have secured the buyer 2,000 BTC. Since then, Bitcoin’s price has surged by over 125 million percent, transforming cents into millions.
At the current Bitcoin price of approximately $57,000, the 2,000 BTC acquired from a $100 investment would now be valued at $114 million. This performance surpasses every stock in existence since Bitcoin’s inception and cements its stature as a superior store of value compared to traditional assets like gold.
Anticipated Growth Ahead for Bitcoin
Despite the current $114 million value from a $100 Bitcoin investment made 14 years ago, the cryptocurrency’s price is anticipated to rise further. Forecasts indicate that Bitcoin may surpass $100,000 as the crypto market enters another bullish phase. In such a scenario, the $100 investment from 14 years ago could be worth $200 million.
Remarkably, influential figures such as MicroStrategy’s Michael Saylor and ARK Invest’s Cathie Wood predict that Bitcoin’s price could soar to $1 million per coin. If this materializes, the 2,000 BTC would be valued at an astounding $2 billion.
Bitcoin’s remarkable growth has solidified its position as the ‘digital gold’ and a premier store of value against the backdrop of escalating inflation worldwide.