Bitcoin hits record high – here's how much your £10 investment in 2010 would be worth today

The cryptocurrency has been valued at an all-time high, and if you'd put your money down back in the day, you'd be absolutely loaded.

If you had invested just £10 in Bitcoin back in 2010, you would be a billionaire today.

The cryptocurrency has soared to an all-time high value, leaving early investors laughing all the way to the bank.

Here's a look at how much £10 of Bitcoin would be worth today.

What is Bitcoin?

Bitcoin is a digital currency that operates on a network that is not controlled by any single person or organisation.

Instead, transactions are verified and recorded on a public ledger called the blockchain, which is maintained by a global network of computers.

The currency itself is created through a process called mining, where computers solve complex math problems.

Bitcoin has become popular in recent years because it is not tied to any government or bank.

This allows people all around the world to use Bitcoin to send money with low fees.

The value of Bitcoin, like stocks and shares, changes based on supply, demand, and market interest.

Why has Bitcoin reached an all-time high?

The value of Bitcoin soared to a record high after Donald Trump's presidential election victory, which sparked optimism over more crypto-friendly regulations.

Overall, stocks and shares also rose, while some of the big tech firms took a slight hit.

How much would £10 of Bitcoin be worth in 2010?

According to early exchange rates, Bitcoin was valued at around £0.003 in May 2010, so a £10 investment would have purchased approximately 3,333 BTC.

So, at today's rate of £72,000 per Bitcoin, 3,333 BTC would be worth a staggering £239,976,000 at the last count.

Yep, you'd be filthy rich.

What the experts have said about Bitcoin

Back in January, Prof Carol Alexander of the University of Sussex Business School told CNBC that if Trump won, the price could reach $100k (around £79k) by the end of this year, which it is close to doing.

"This bull run will increase adoption by retail especially, but also institutions. Unfortunately, this growth will be on the back of failing regulations.

"Huge hidden risks will be swept under the carpet as the US Securities Exchange Commission fails to take out civil actions against unregulated exchanges.

"Elon Musk's posts on X can also induce unwitting investors to herd into crypto, only to see prices fall again almost immediately.

"For example, his famous 'Doge Barking at the Moon' in April 2021 saw the DOGE token price rise from 5 cents to 60 cents in a matter of days - but it quickly fell back to around 20 cents, where it remains."