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Here’s Bitcoin’s growth percentage from 2010 to 2024. Will it increase?
Market data confirms that Bitcoin’s growth since its inception in 2010 represents a return of over 81,999,888% for investors.
Kashif Raza, the founder of Bitinning, brought this record to public attention in a recent analysis, as this huge increase illustrates Bitcoin’s potential for long-term investors. Raza shared a historical chart from 2010 to 2024, highlighting crucial price milestones and overall growth that reflects Bitcoin’s volatility and substantial returns over time.
Crucial Pricing Steps
Bitcoin’s journey began in 2010 at just $0.09. By 2011, it had seen a remarkable 2,960% increase, reaching $26.9 and then $123 in October 2012. Remarkably, from $0.09 to $123, Bitcoin had climbed 136,566%.
The price of the cryptocurrency spiked to $1,238 in 2013, before falling back to $687.50. In 2015, the price of Bitcoin dropped to $315.21, before rebounding to $900 around 2017.
In May 2017, Bitcoin’s value soared to $20,000, ending the year at $19,345. In 2018, it fell to $6,635.84 after hitting $10,000 in June. 2020 saw a 416% increase. Bitcoin then peaked at $68,991 in November 2021, although it ended the year at $49,243. While Bitcoin bottomed out around $18,000 in December 2022, it then jumped 310% to $73,794 on March 14, 2024.
Information on long-term holders
For long-term holders, Bitcoin’s track record illustrates high returns despite numerous price declines and periods of volatility. Notably, those who held their positions through significant declines, such as the drop from $20,000 in 2017 to $6,635.84 in 2018, have seen substantial gains in the years since. This proves Bitcoin’s potential as a long-term investment, rewarding patient investors with extraordinary returns.
For example, market tracker Whale Alert recently highlighted the reactivation of a dormant Bitcoin whale after more than a decade, attend a return by more than 541,265%.
The whale held 37 BTC tokens worth $476 in 2012, but the value increased over the years to $2,576,901. Another investor, holding 26 BTC since 2012 worth $301, woke up with a profit of over $1.8 million after 12 years, a return of over 599,639%.
Observers predict further growth for Bitcoin
Chart analysis commentators express optimism about the future of Bitcoin. One analyst believes Bitcoin could grow 1,369% over the next ten years to $1 million, transforming it from a speculative asset to a hedge asset. predicted Bitcoin price could range between $2 million and $5 million by 2038.
It is worth noting that Bitcoin’s performance from its all-time low of $0.04865 in July 2010 to its current price of $66,052 is an even more staggering 135,744,402%, according to data from CoinMarketCap.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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