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, according to Coindesk, its value has dropped by $51,963 in just one year and is now worth $16,826 (at the time of writing).
Even if Bitcoin is worth a lot less than it was at its peak, a $1,000 investment seven years ago (in 2015) would have resulted in a massive profit.
A future that pays off
In 2015, Bitcoin kind of went 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 say you invested $10,000 in Bitcoin at a rate of $400 per BTC in December 2015. That would have earned you 25 bitcoins back then.
According to today’s (as of December 7, 2022) price, 25 bitcoins would be worth $420,650 – Making you rich simply by reaping the benefits of stamina, a 7 year stamina.
One could argue 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, what a 42x return on investment.
Likewise, $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 note that this estimate does not include any additional fees or transaction costs.
PSA: If you bought BTC when it peaked at $65,000-$68,000, keep calm.
Disclaimer: This is expressly not 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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