Bitcoin (BTC), which has managed to become one of the most important values of not only the crypto ecosystem but all the markets, was very worthless compared to its current value when it first came out, and even managed to show its first price increases years later. This digital asset, which was well below 1 dollar when it first came out, was able to make its first big price rally exactly 8 years later, and while it was expressed in cents in 2009-2010, it managed to rise above 1 dollar in 2011.
Although Bitcoin and other cryptocurrencies have the mentality of working on a decentralized blockchain, these digital assets cannot be clearly separated from traditional markets, they are affected by the movements of the markets. In other words, cryptocurrencies that are not affiliated with any bank or government also take their share from the crises and the movements of the stock markets.
Cryptocurrencies are emerging as the shining star of the new century and their adoption is increasing, with crises in places, the state of traditional markets or being seen as a solution in crisis situations for today.
How Much Profit Would BTC Have Made If It Was Bought When It First Released?
After gaining value at $6 in 2011, Bitcoin makes its biggest debut in 2017. In 2017, Bitcoin reaches a price value of $ 4,000, which is approximately 66,666 times its initial value in 2010. By 2020, Bitcoin reaches $ 29,000, which is approximately 483,333 times its initial value. Today, at the time of writing, Bitcoin is trading at $40,764, which is approximately 682,000 times its initial value. In other words, if Bitcoin first came out, a person who bought 1 Bitcoin for $0.06 would have made a profit of 66,666 times in 2010, 483,333 times in 2020 and 682,083 times today.
Bitcoin (BTC) price values by year are listed as follows:
Bitcoin price in 2009: $0
Bitcoin price in 2010: $0.06
Bitcoin price in 2011: $6.05
Bitcoin price in 2012: $8.46
Bitcoin price in 2013: $189.54
Bitcoin price in 2014: $526.02
Bitcoin price in 2015: $272.36
Bitcoin price in 2016: $567.27
Bitcoin price in 2017: $4,001.16
Bitcoin price in 2018: $7,558.21
Bitcoin price in 2019: $7,196
Bitcoin price in 2020: $29,000
Bitcoin price in 2021: $44,337