$1 Invested in Bitcoin 10 Years Ago Would Have Already Earned You That Much

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Compared to its current value, the price of a single bitcoin (BTC) coin was only $13.30 in 2013. This is in stark contrast to the current value of the flagship digital asset.

Many investors blame themselves for not putting money into Bitcoin in its “early days”, wondering how much money even $1 invested in Bitcoin back then was worth now.

According to data calculated by Finbold, investors who bought $1 worth of Bitcoin in January 2013 when the digital asset was trading at $13.30 would have seen their investment reach $1,417 by January 13, when the price of a BTC was $18,881.

Bitcoin price January 2013. Source: In2013dollars

Notably, this is enough to buy an entire Ethereum (ETH) token at the current decentralized finance (DeFi) asset price of $1,407. However, January 2013 investors would have seen the greatest return on investment in November 2021 when BTC was trading at an all-time high above $69,000.

$1 in bitcoins

Interestingly, Finbold reported in August last year that every 226th person on the planet owns at least $1 in Bitcoin. The data indicates that as of August 26, approximately 35,257,206 addresses held at least $1 worth of Bitcoin, according to statistics from BitInfoCharts.com.

This equates to approximately 0.4% of the world’s population, meaning every 226th person in the world potentially owned at least $1 in Bitcoin based on the world’s population of 7,970,114,580 at the time.

As of January 13, there were 100,000 holders of Bitcoin worth $1 less, bringing the total number of holders to 35,136,414. However, it should be mentioned that in some cases a person may own several bitcoin addresses. For example, an investor may have an address to multiple crypto wallets.

BTC support

Notably, cryptocurrency proponents are advocating for widespread use of cryptocurrencies, noting Bitcoin’s multiple advantages over traditional fiat currencies. These benefits include Bitcoin’s transaction convenience, as well as its lower fees and faster transfer times. However, there is still a lot of work to be done before the asset is used everywhere.

It is reasonable to infer that people holding $1 are retail investors, as they make up the vast majority of the cryptocurrency market. Notably, the influx of retail investors is 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 Bitcoin unit is relatively expensive, holding a single dollar of the asset is, therefore, within the financial means of the vast majority of people, whether today or in 2013.

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