What if you bought Ten Dollars Worth of Bitcoin at the End of 2010?

By Buzzbeeg | The Crypto Cave | 9 Dec 2020

To the Moon!

On December 27th 2010 the Bitcoin price was 0.27 USD and with a 10 Dollar Bill you could have bought 37.0370 Bitcoin. The current Bitcoin price (12/09/2020) is 18,272.64 (if you want to see the Bitcoin price live go to OKEx to see what’s currently happening).

The math is simple: 37.0370 times 18,272.64 minus 10 equals 676,763.76 Dollars! Of course, there would be some fees when you sell the Bitcoin and you will be taxed at 15% (assuming you are in the USA) but regardless that sort of gain on Ten Dollars is incredible! Do I think these sort of gains are still possible today? Maybe, but I doubt you will see those kinds of gains out of Bitcoin ever again. But I think the price of Bitcoin could someday reach one million Dollars… it’s possible.

If you want to learn more about Bitcoin follow my Quora Space: The Crypto Cave.

Bitcoin (BTC) Personal Finance

How do you rate this article?

Buzzbeeg

I work for several Cryptocurrency projects including Silica neXus and Divi Project. I also write on Quora and share many of the same posts that I share here.

The Crypto Cave

The fun side of crypto; making money, blockchain games, and learning. Like my thoughts on Crypto? Check out my Quora space: https://cryptocave.quora.com/ and 🔥Subscribe to our Free Investment Newsletter. https://theartofthebubble.com/newsletter/🔥 This post is provided for educational and entertainment purposes only and should not be relied upon for business, investment, taxation, or legal advice.