07/05/2023
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QUESTION
If i invested 10USD worth of bitcoin in 2009 how much money would I be worth in 2021. Calculate the percentage increase, ROI and final return.
ANSWER:
In October 2009, a Finnish computer science student named Martti Malmi, known online as Sirius, sold 5,050 bitcoins for $5.02, giving each bitcoin a value of $0.0009 ². In 2021, the price of bitcoin hit an all-time high close to $69,000 ².
If you had invested $10 in bitcoin in 2009 at the price of $0.0009 per bitcoin, you would have bought approximately 11,111 bitcoins. If you sold those bitcoins at the all-time high price of $69,000 in 2021, your investment would be worth approximately $766,659,000.
The percentage increase would be calculated as (final value - initial value) / initial value * 100 = ($766,659,000 - $10) / $10 * 100 = 7,666,589,900%. The return on investment (ROI) would be calculated as (final value - initial value) / initial value = ($766,659,000 - $10) / $10 = 76,665,899. The final return would be the final value of your investment which is approximately $766,659,000.
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Source: Bing
(1) Bitcoin Price History 2009 to 2022 – Forbes Advisor. https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-history/.
(2) Bitcoin Price History Chart (2009, 2010 to 2023). https://buybitcoinworldwide.com/price/.
(3) Bitcoin Price History: 2009 - 2023 - Bitcoin Magazine - Bitcoin News .... https://bitcoinmagazine.com/guides/bitcoin-price-history.
(4) Bitcoin USD (BTC-USD) Price History & Historical Data - Yahoo Finance. https://finance.yahoo.com/quote/BTC-USD/history/.
(5) Bitcoin (BTC) Price, Real-time Quote & News - Google Finance. https://www.google.com/finance/quote/BTC-usd.
(6) Bitcoin Price in 2021 | Finance Reference. https://www.in2013dollars.com/bitcoin-price-in-2021.
(7) 2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range .... https://news.bitcoin.com/2021-bitcoin-price-predictions-analysts-forecast-btc-values-will-range-between-zero-to-600k/.
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