Compared to its current value, the price of a single Bitcoin (BTC) coin was just $13.30 in 2013. This is in stark contrast to the current value of the flagship digital asset.
$1 invested in Bitcoin 10 years ago, how much is it now?
Many investors are kicking themselves for not investing in Bitcoin in their “early days”, wondering how much even just $1 investing in Bitcoin at the time would be worth now.
According to data calculated by Finbold, investors who bought $1 of Bitcoin when the digital asset was trading at $13.30 in January 2013 would see their investment rise to $1,556 as of January 15, while the price of one BTC was $18,881.
Bitcoin price January 2013. Source: In2013dollars
Notably, this is enough to buy a full Ethereum (ETH) at $1,532, the current price of decentralized finance (DeFi) assets. However, investors in January 2013 would have seen the biggest return on investment in November 2021, when BTC was trading above its all-time high of $69,000.
1 Dollar in Bitcoin
Interestingly, Finbold reported in August last year that every 226th person on the planet owns at least $1 in Bitcoin. According to statistics from BitInfoCharts.com, data showed that as of August 26, approximately 35,257,206 addresses held at least $1 worth of Bitcoin.
This equated to about 0.4% of the global population, meaning that every 226th person globally potentially owns at least $1 of Bitcoin, based on the global population of 7,970,114,580 at the time.
As of January 13, there are 100,000 less $1 worth of Bitcoin holders, bringing the total number of holders to 35,136,414. However, it is worth noting that in some cases a person may have more than one Bitcoin address. For example, an investor may have multiple crypto wallet addresses.
Support for BTC
In particular, supporters of cryptocurrencies advocate the widespread use of cryptocurrencies, noting the numerous advantages of Bitcoin over traditional fiat currencies. These benefits include the ease of Bitcoin transactions, as well as lower fees and faster transfer times. But there is still a lot of work to be done before the asset can be used everywhere.
It is reasonable to conclude that the people holding $1 are retail investors, as they make up the vast majority of the cryptocurrency market. Notably, the rise of retail investors is being driven in part by fear of missing out (FOMO), in addition to efforts to test the waters with cryptocurrency trading.
On the other hand, while a single unit of Bitcoin is relatively costly, holding just one dollar of assets is ultimately within the financial means of the vast majority of people, whether today or in 2013.
Source link
