If you had invested $1 in Bitcoin in 2011, your portfolio would be worth a staggering amount today.
In 2011, the price of Bitcoin was around $0.30 per coin. Let's assume you bought 1/0.30 = 3.33 Bitcoins with your $1 investment.
As of August 2024, the price of Bitcoin is around $59000. If you still held those 3.33 Bitcoins, your portfolio would be worth:
3.33 Bitcoins x $59000 = $196,470
That's a return on investment (ROI) of approximately 196,470%!
Keep in mind that this is a hypothetical scenario, and the actual value of your portfolio would depend on various factors, such as:
- When exactly you bought the Bitcoins in 2011
- Any fees or taxes you might have incurred
- Whether you held onto the Bitcoins through market fluctuations or sold some along the way
Still, it's fascinating to think about the potential returns on investment in Bitcoin over the past decade!
