They always say that opportunities come to those who are usually prepared for them. I am not sure how many of us were prepared that our generation has witnessed the best investment opportunity of the last 2,000 years. That opportunity was not for hedge funds or some secretive Wall Street kings and deal makers. This one was largely open to the whole populace for those that dare dream.
Bitcoin is turning out to be a hugely popular investment for those that took the risks. Fortune broke the numbers is a very short enlightening piece.
Seven years ago, the value of a single bitcoin was worth a quarter-of-a-cent. Today, that single bitcoin is worth upwards of $2,200.
Monday marked the seventh anniversary of what is said to be the first recorded instance of bitcoin used in a real world transaction. Over the course of seven years, bitcoin’s value has multiplied 879,999 times over since 2010. If an investor had decided to spend five dollars back then on about 2,000 bitcoins, that stake would be worth $4.4 million today. With $1,200 spent on some 480,000 bitcoins, the investor would be worth at least $1.1 billion today.
The early months of 2017 have been particularly heady days for bitcoin. Since the beginning of the year, the value of the cryptocurrency has surged as it gains legitimacy in countries like Japan. Investors have also come to see the currency as something of a safe haven asset amid geopolitical turmoil — and there’s been plenty of that in recent months, in both Europe and the United States.
But this does not mean you should go out today and buy one. Be warned, it can turn into a vapor currency in hours!