Read This > Things I learned along the way > Newsletter

What if you purchased $20 worth of bitcoin back in 2010, how rich would you be today?

If you had bought $20 worth of Bitcoin back in 2010, it would have been a very wise investment decision. In 2010, the value of Bitcoin was extremely low, and it wasn't widely recognized or adopted. However, over the years, Bitcoin's value has experienced significant growth.

$20 worth of bitcoin I purchased with the $20 that I was not supposed to spend

Around what time did bitcoin come out?

In 2010, the price of Bitcoin was just a fraction of a cent, and it went through several periods of rapid price appreciation. By 2021, the price of Bitcoin had reached thousands of dollars per coin.

If you had held onto your $20 investment in Bitcoin from 2010 until 2021, your initial investment could have grown to a substantial amount.

What if you bought some bitcoin in 2010 when the price of one bitcoin was around $.30 and sold it at its all-time high price?

If you had bought Bitcoin in 2010 when the price was around $0.30 per Bitcoin and sold it at its all-time high price of $68,789.63, reached on November 10, 2021, the return on your investment would have been extraordinary.

Let's do the math:

Initial investment: $20 / $0.30 per Bitcoin ≈ 66.67 Bitcoins (rounded down for simplicity)

Selling at the all-time high: 66.67 Bitcoins * $68,789.63 per Bitcoin ≈ $4,585,105.43

So, if you had invested $20 in Bitcoin in 2010 and sold at the all-time high price, your investment would have grown to over $4.5 million.

Not bad for a $20 invesment.

Write a comment