He asked me sarcastically: Is it possible that if I had $10 worth of Bitcoin when I started my business 14 years ago, would I be rich today?!
I answered him, "Of course, my dear... but first, remember how much money you have today and how much you had at the beginning of your business, and keep it as information in a part of your imagination... then focus with me..." And you too, my dear readers:
- In 2010, when Bitcoin was in its early days, its price was less than one dollar.
The first real Bitcoin purchase took place on May 22, 2010, when an American programmer named Laszlo Hanyecz bought 10,000 Bitcoins for a single slice of pizza that cost about $41, in a famous incident known at the time as #بيتزا_البيتكوين , an important moment in the history of digital currencies and a funny story that I will tell you about later.
- The important thing is that according to that process, the price of Bitcoin was about $0.0041 per Bitcoin at that time.
So if we analyze this information together in steps to see if it is correct based on today's price ($97,660 per Bitcoin) or not:
1. Bitcoin in 2010 was worth around $0.0041 per bitcoin.
2. The amount of Bitcoin that could be purchased with $10 in 2010 was 2439 coins.
3. The value of this quantity at today's Bitcoin price is $97,660 for 2,439 Bitcoins = approximately $238 million.
4. Original cost: $0.041
Current value: $976,600
This means his wealth would have increased by more than 23.8 million times just by that! 🚀
Now compare these numbers that we got together, with the number that you previously stored in your memory and analyze for yourself.. The one who asked was astonished 😅