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.
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?
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