If You Invested $1,000 in Bitcoin 7 Years Ago, Here’s How Much You’d Have Now

This season, Bitcoin is red hot and its almost hitting $30000, the cryptocurrency was flat earlier this month, but right now, it is holding up real fast.

The value of Bitcoin currently hit an all-time high of nearly $28,000 a few days ago, compared to 3 years ago where it hit $20,000 in December 2017. If you invested $1,000 seven years ago, you would have made a profit.

Image Credit: Coinmarketcap

When I mean a profit, I mean you would have made at least $26,000 profit. In 2013, the value of one Bitcoin hit highs of around $1,000 and lows below $600 during the December period. A Bitcoin purchased at $1,000 would be worth about $27,000 now or over twenty times as much.

This estimate does not include any additional fees or transaction costs.

If you bought Bitcoin at its high near $20,000, $15,000, or even at $10,000, though, you would still have made a profit if you are patient enough.

Bitcoin has been in a strong uptrend since bottoming in March. Ultimately the 200-week moving average wavered as support but held up well under duress. 

From there, we had a breakout over $10,000, and then bitcoin held that level as support. For a bullish trader, that is an excellent development in price action.

Whatever it is, Bitcoin has been exploding higher, and I would love to see the cryptocurrency catch its breath and make a run toward $30,000.

If you know nothing about bitcoin, you can begin your journey here.

Let us know what you think in the comment.

Spread the love

4 thoughts on “If You Invested $1,000 in Bitcoin 7 Years Ago, Here’s How Much You’d Have Now”

  1. Hello Yomiprof,
    although this post is not really related. But I remember sometime ago you introduced a crypto exchange platform called YELLOWCARD, which I registered through your link. Am supprised that after depositing some cash into my YC account on Saturday 26-12-20 uptil now the fund hasn’t reflected in my Yellow Card account. I’ve tried to reach them through the email provided, but there’s no tangible solution to it. What do you suggest I do please?


Leave a Comment