The low price of Bitcoin when it was launched and how much the digital asset has grown over the years has been a constant source of regret and awe for investors who found out about the cryptocurrency early. Mainly, the potential to turn a small amount into millions is what has drawn countless investors into Bitcoin and to the crypto industry. So, this report takes a look at how much you would’ve made if you spent $100 buying BTC 14 years ago from today.
Bitcoin Was Trading At $0.05 14 Years Ago
Pete Rizzo, author of the Bitcoin History newsletter, shared an interesting tidbit for BTC on the X (formerly Twitter) platform. According to Rizzo, 14 years ago, the Bitcoin price was sitting at a mere $0.05 per coin, a price point which seems impossible looking at it from today’s perspective.
FUN FACT: 14 years ago today, you could buy 1 #Bitcoin for $0.05 ✨ pic.twitter.com/hfDXMxWrWn
— The Bitcoin Historian (@pete_rizzo_) August 3, 2024
This price of Bitcoin during its early days shows the value conveyed by the cryptocurrency and how much opportunity was presented to those who had the chance to buy. This presented a once-in-a-lifetime opportunity for generational wealth, and those who took advantage of it have continued to reap the benefits.
To put this in perspective, spending $100 on BTC 14 years ago when it was trading at just $0.05 would’ve netted the buyer 2,000 BTC at the time. Since then, the BTC price has risen by more than 125 million percent, turning cents into millions.
This means that at the current BTC price of around $57,000, the 2,000 BTC realized from spending $100 would be worth $114 million. This means that Bitcoin has outperformed every single stock since its inception and has be proven to be a better store of value than traditional assets such as gold.
Further Upside Still Expected For BTC
The current $114 million value from a $100 investment in Bitcoin 14 years ago comes at a time when the price is struggling. Expectations are that the BTC price will eventually cross $100,000 as the crypto market moves into another bull cycle. In such a case, the $100 from 14 years ago would be worth $200 million.
Interestingly, other prominent figures such as MicroStrategy’s Michael Saylor and ARK Invest’s Cathie Wood believe that the BTC price will reach $1 million per coin. In such a case, 2,000 BTC would be worth a whopping $2 billion.
Bitcoin’s growth over this time has solidified its position as the ‘digital gold.’ It is currently touted as the best store of value against the rapidly rising inflation that continues to plague most parts of the world.
Featured image created with Dall.E, chart from Tradingview.com
