On this #BinancePizzaDay I want to tell how btc changes in last decades..
1. BTC price has appreciated more than THREE TIMES each year
2. One Pizza would have been more than HALF BILLION TODAY
3. Annual simple interest rate of One BTC= 1.8 million % per year
4. Compound interest rate of One BTC= 213% Annually
Were you aware of it? if not let's go...
👌On May 22, 2010, Laszlo Hanyecz traded 10,000 BTC for two pizzas, sparking a revolution in crypto history. This iconic moment, now known as Bitcoin Pizza Day, proved digital currencies could power real-world transactions.
🐯Motive of this article 🐯
⭐Calculating $BTC returns annually in simple interest rate and compound annually return rate.
⭐Calculting one pizza bought in 2010 to current market 1 BTC is 111k
🐯 Solution.💪
Given. On 22 may 2010, 10000 btc were valued $41
Hence one BTC were at 41/10000 = 0.0041 usd
Year- 15 year
Current one BTC price = 111k
🦊 Change in BTC
1. BTC simple interest rate
Hence simple interest rate=( 111000- 0.0041)/(0.0041*15)= 1804877.93
⚡Hence ANNUAL RATE WERE 1.8 million Percent per year.
That's huge and one can't take such return even in lifetime.
2. Calculating compound rate.
Compound rate in percentage= [(A/P)^1/n -1]×100
Where A= Final amount
P= Principal amount
n = number of year
Putting values.. [(111000/0.0041)^1/15 -1]x 100
[3.13-1]x100
213% annually.
⚡It means invested value has Tripled in less than one year.
🦊 price of one pizza would have amounted.
= 5000x111000= 555000000
= 555 million usd or half a billion usd
Read following my article, click below BTC, PIZZA and Binance
