$100 in bitcoin in 2010 now worth almost $73 million

https://www.rt.com/business/389190-bitcoin-historic-price-high/

After soaring nearly 65 percent in the last month, the digital currency bitcoin smashed the historic $2,000 mark on Saturday. The total market cap of the asset has likewise climbed to $32.92 billion.

The cryptocurrency has reached a new high on Monday, trading at $2,167.24 as of 10:15 am GMT.

The world’s most popular virtual currency first broke the $1,000 valuation four years ago, but later dropped in price as a result of factors, including the implosion of the major exchange Mt. Gox.

Since then bitcoin has regained lost ground, more than doubling its value since the beginning of the year partly due to global political uncertainty and increased interest in Asia. Investors turned to the asset as a “safe haven” against geopolitical risks.

Early investors in bitcoin would stand to benefit the most if they held on to the currency. Those who bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, would now be sitting on around $72.9 million.

While some market observers think the rally will continue, others express concerns the asset may have entered a speculative bubble.

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“Those who bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, would now be sitting on around $72.9 million.”

what goes up..must come down..but when?

“The cryptocurrency has reached a new high on Monday, trading at $2,167.24 as of 10:15 am GMT.”

401

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~ by seeker401 on May 24, 2017.

8 Responses to “$100 in bitcoin in 2010 now worth almost $73 million”

  1. wow and u still have to wire them bitcoins into a conventional bank to enjoy the loot?

  2. I believe that Bitcoin is useful as a transfer mechanism but it’s “value” could evaporate in an instant. I don’t even trust gold as no one really needs it and it feels overvalued. I feel more secure looking at several years supply of firewood than a small gold coin.

  3. Reblogged this on World4Justice : NOW! Lobby Forum..

  4. Bitcoin blows past $2,300 as Digital Currency Group clinches scaling agreement

    https://www.rt.com/business/389584-bitcoin-extends-rally-beats-records/

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