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Bitcoin is a digital currency that’s gained significant popularity over the past decade, becoming almost synonymous with cryptocurrency. It’s often seen as a good store of value and remains the most valuable cryptocurrency in the market.
Since its introduction in 2009, Bitcoin’s price has experienced a hair-raising rollercoaster. Bitcoin’s price started at $0, but by 2011 it had pushed past $1, and exceeded $100 by mid-2013. After some alternating highs and lows, it hit its first milestone of nearly $20,000 in 2017. However, Bitcoin’s subsequent crash in December of the same year sent its price dipping briefly below $11,000.
The 2019 pandemic had an impact on Bitcoin, pushing its price below $6,000 in March 2020. Then, in a stirring comeback, BTC’s value jumped to an all-time high of around $69,000 in November 2021.
However, the 2022 crash set in motion by Luna’s downfall and further devastation resulting from FTX’s solvency caused Bitcoin’s price to bottom out at around $15,000 in November 2022. Bitcoin began its gradual recovery in 2023, with a significant boost in late November due to speculation about potential approval of a Bitcoin spot ETF. The subsequent approval of several Bitcoin spot ETFs in early January 2024 led to a roaring rally as BTC peaked at over $46,000.
Despite the wild ride, many investors in the crypto market remain interested in Bitcoin investments, with many wondering what would have happened if they’d invested $100 in a single Bitcoin at different points in its history.