Bitcoin: $1000 Investment 10 Years Ago – What Is It Worth Now
Bitcoin (BTC) is undoubtedly the king of the cryptocurrency world. The price upticks noted in BTC can usher in life-changing transformations for other altcoins, which set their tone and pace in sync with Bitcoin’s price movements for bullish outcomes.
However, Bitcoin’s success story is not for the faint-hearted. In its earlier stages of trading, the token started with a meagre $0.0041 and worked hard to reach the current $58K price level.
If an investor had invested $1000 in BTC ten years ago, its return would be massive now that BTC is trading at a whopping $58K level
According to Good Morning Crypto, Bitcoin investment has always been lucrative and may have fetched investors a solid return if they had invested $1000 ten years ago.
The portal uploaded a tweet on X outlining the stark metrics, stating that $1000 invested in Bitcoin would have fetched incredible returns, helping crypto loyalists claim a whopping $77,000.
“The price of Bitcoin is predicted to rise by 39.14% and reach $82,707 by September 17, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 31 (fear). Bitcoin recorded 15/30 (50%) green days with 6.72% price volatility over the last 30 days.”
In another post, Good Morning Crypto shared a video of PayPal CEO Thiel lauding Bitcoin and explaining how BTC was systematically underestimated for years.
“I think Bitcoin was a big invention. It was a pretty big deal, and it was systematically underestimated for at least the first 10–11 years.”
BTC Price Forecast for August End
While gaining a steady pace, BTC may end August on a favourable price note. According to CoinCodex, Bitcoin may hit a new level of $69K by August 31.
By September 17, BTC may claim a new ATH of $82K, rising 39%.
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