The low price of Bitcoin when it was first introduced and how much the digital asset has grown over the years have been a constant source of regret and admiration for early investors. Above all, the potential to turn a diminutive amount into millions has attracted countless investors Bitcoin and the Cryptocurrency Industry. In this report, we will take a look at how much you could have made if you spent $100 to buy BTC 14 years ago.

Bitcoin was quoted at $0.05 14 years ago

Pete Rizzo, author of the Bitcoin History newsletter, shared an compelling tidbit about BTC on the X platform (formerly Twitter). According to Rizzo, 14 years ago, the price of Bitcoin was just $0.05 per coin, which seems impossible looking back on it today.

FUN FACT: 14 years ago you could buy 1 #Bitcoin for $0.05 ✨ photo: twitter.com/hfDXMxWrWn

— Bitcoin Historian (@pete_rizzo_) August 3, 2024

This bitcoin price in its early days, it shows the value that cryptocurrency conveys and how many opportunities were presented to those who had the chance to buy. It presented a once-in-a-lifetime opportunity for generational wealth, and those who took advantage of it continue to reap the benefits.

To put this in perspective, spending $100 on BTC 14 years ago, when the exchange rate was just $0.05, would have netted the buyer 2,000 BTC at the time. Since then BTC price increased by more than 125 million percent, turning cents into millions.

This means that at the current BTC price of around $57,000, 2,000 BTC gained from spending $100 would be worth $114 million. This means that Bitcoin has outperformed every single stock since its inception and has proven to be a better store of value than customary assets like gold.

BTC is still expected to grow further

The current value of $114 million from a $100 Bitcoin investment 14 years ago comes at a time when the price is struggling. It is expected that BTC price will eventually exceed $100,000 as the cryptocurrency market enters another bullish cycle. In that case, $100 from 14 years ago would be worth $200 million.

Interestingly, other prominent figures such as Michael Saylor of MicroStrategy AND Cathie Wood of ARK Invest believe that the price of BTC will reach $1 million per coin. In this case, 2,000 BTC would be worth as much as $2 billion.

Bitcoin’s rise in value during this period solidified its position as “digital gold,” and it is now considered the best store of value in the face of skyrocketing inflation that continues to plague much of the world.

Featured image created with Dall.E, chart from Tradingview.com