Bitcoin (BTC) has rapidly become one of the best-performing investments of all time. Even small initial investments have turned into millions of dollars.
Bitcoin (CRYPTO: BTC) has been one of the best-performing investments of all time since launching in 2009. Even small initial investments have turned into millions of dollars. But what if you had purchased just $20 of Bitcoin 15 years ago? Would that have been enough to make you a millionaire today? The answer may surprise you.
Here's how much $20 in Bitcoin would be worth todayBitcoin first began trading hands roughly 15 years ago, primarily through manual transactions conducted using online forums. Back then, a single Bitcoin was priced at just $0.00099.
Online cryptocurrency exchanges weren't launched until 2010, and Bitcoin's lowest price that year was $0.04865 on July 14, 2010.
If you had purchased $20 in Bitcoins from an online forum in 2009, you could have bought over 20,000 Bitcoins. With a single Bitcoin now fetching about $70,000, your $20 purchase would be worth a staggering $1.4 billion today.
But let's say you waited one more year, until Bitcoins were traded on exchanges, making it easier for you to acquire your stake. Purchasing $20 in Bitcoins at roughly $0.05 per coin would have resulted in a stake of around 400 Bitcoins. In this scenario, your $20 purchase would now be valued at about $28 million -- still an incredible return but far short of making you a billionaire.
While these incredible returns are unlikely to be repeated, there are still several reasons to consider investing in Bitcoin today. Bitcoin's market capitalization of $1.5 trillion still seems small compared to gold's market cap of nearly $19 trillion.
Moreover, vast sums of money are pouring into the cryptocurrency space to build new infrastructure, networks, and services -- not unlike the early days of the internet.
Where Bitcoin's price will ultimately land over the long term is anyone's guess. However, there's no question that the original cryptocurrency has been rewarding for long-term investors with a lot of patience.
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