When I am writing the post, Bitcoin is trading at $108K. If we go back 15 years, Bitcoin had been trading at $0.01 on July 4. If you compare the price difference, then it's more than 1B%. That means from the 4th of July till today, the Bitcoin price has risen more than 100%. Who had dreamed the price would go this high in 2010? This was really unimaginable—a 1,078,000,000% increase in 15 years back. This is a reminder of what the price of Bitcoin would be after the next 15 years. Especially a reminder for those who still don't believe in Bitcoin power.
Whoever intends to hold longer, it would inspire them how the Bitcoin price has been growing from the beginning till today. Sometimes I regret why I hadn't bought a lot of Bitcoin during that time, even though I had a lot of money to buy. Maybe some people will regret in the future why they didn't buy Bitcoin today. I found Bitcoin when it was trading below $3K.
What was the price your first purchased Bitcoin?
Let's share your experience. For me, I can't exactly remember, but it was between $2700 and $2800.
There are different estimates about Bitcoin’s growth rate over the next 20 years, with projections ranging from 15% to 50% CAGR (Compound Annual Growth Rate). Michael Saylor, for example, has predicted a 21% CAGR for Bitcoin over the next two decades.
I believe Bitcoin’s growth will be much higher than that of the S&P 500 or gold. Unlike gold, Bitcoin has a fixed supply there will never be more than 21 million coins. This scarcity means that as demand increases, the price can rise significantly.For gold, when the price goes up, miners increase production because many gold mines remain profitable. But Bitcoin’s supply cannot be increased, no matter how high the price goes.
I first heard about Bitcoin when it was around $12. Someone tried to convince me to buy it, but I didn’t listen I thought it was some kind of scam or nonsense. I wasn’t mature enough back then to really understand what it was all about or to do deeper research.
I bought Bitcoin in 2017, but even then, I didn’t fully understand what I was buying. I was mostly caught up in the general crypto mindset . It wasn’t until I 2021 read The Bitcoin Standard that everything finally clicked for me. That’s when I truly understood Bitcoin, and I thought to myself, Oh my, how stupid I was for not realizing this earlie