Insane amount you'd have made if you invested just $10 into Bitcoin 10 years ago as currency skyrockets
If there’s one thing people have been saying for years, it’s that you should’ve invested in Bitcoin when you had the chance.
Just listen to the YouTuber who's is the visual representation of 'I told you so' who's now living the high life after cashing out his Bitcoin fortune.
With the return of Donald Trump to the White House, prices of the cryptocurrency have soared as traders bet on his victory in the 2024 American election.
The Guardian reports that Trump’s support for Bitcoin-friendly policies has fuelled the surge. Russ Mould, an analyst at AJ Bell, warned: "The price of Bitcoin has closely followed Trump’s position in the polls and on betting markets."
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Even Tesla CEO Elon Musk has been suggesting the US use Bitcoin to pay off its debt before it enters bankruptcy.
Nigel Green of financial advisor deVere chimed in: "A Trump victory could be the catalyst that pushes the world’s first and largest cryptocurrency into uncharted territory.
"His return to office would likely have a renewed emphasis on deregulation, tax incentives and economic policies favourable to alternative investments, such as Bitcoin."
But, just how much would your Bitcoin be worth if you invested 10 years ago?
Well, using the Bitcoin Calendar online, $10 in 2014 would have bought you 0.0281 BTC.
Today, this would be worth $2625.79, earning you a whopping profit of $2,615.79.
Increasing to $100 of Bitcoin in 2014 would now be worth $21,205.15.
And just to add salt to the wound, investing $1,000 of Bitcoin back in the day would have seen $212,051.46 in your bank account.
But, not time for regret!
You may have lost out on Bitcoin but there's still time to put your money where Dogecoin is.
Dogecoin has already surged 106%, partly thanks to Trump naming Elon Musk head of the “DOGE” Department of Government Efficiency. Not only that, the cryptocurrency jumped 253% this past month and a crazy 441% over the year, thanks to Trump’s win and his focus on crypto since the election.
Together with conservative activist Vivek Ramaswamy, Musk has pledged a full-scale overhaul, with Trump announcing that the department’s mission will be to 'dismantle government bureaucracy.'
While Dogecoin’s future is far from guaranteed, tools like the CoinCodex calculator suggest that a $100 investment today could turn into $290,855 in 10 years.
Of course, these predictions are a gamble and these figures are just estimates - plus, Dogecoin’s value could just as easily drop.
Still, it’s fun to dream, right?