Bitcoin surged to a new high of $4,980 on Friday. It must have been cause for cheer among investors who bought bitcoin a year ago. Back then, the price of bitcoin was a more affordable $474 per token — less than half the price of an ounce of gold. So, had an investor in theory decided to invest about $1 at that point, their stake would be worth about $852 today.
A $100 stake would have become $85,200. Meanwhile, a $1,000 stake would have turned into $852,000. A stake worth $1,200 back then would have made its owner a millionaire today.
Still, bitcoin has been a highly volatile currency, easily losing, or gaining, $200 over the course of a day. Even now, analysts such as those from investment banking giant Goldman Sachs expect the cryptocurrency to fall some time in the near future before rising once more.
Bitcoin's advocates, however, say Bitcoin has much further to rise. Charlie Shrem recently said that he believes bitcoin is cheap at any point below $100,000.
Bron: Time
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