|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
If You Had Invested Rs 1,000 in Bitcoin in 2010, How Much Would It Be Worth Today?
Nov 24, 2024 at 04:17 pm
Bitcoin's price remained highly volatile in the past 14 years, testing the patience of even most dedicated holders.
In 2010, Bitcoin was first traded at a fraction of a rupee. Had you invested Rs 1,000 in Bitcoin then, it would be worth a staggering Rs 2,447 crore today.
Here's a quick calculation:
Bitcoin Price in 2010: Around $0.08 per coin (Rs 3.38 per coin using the average dollar-rupee exchange rate of Rs 42 in 2010).
With Rs 1,000, you could have purchased:
Rs 1,000 ÷ Rs 3.38 = 295.85 BTC
Now, let's fast forward to November 2024. Bitcoin is currently trading at around $98,000 per coin.
Using the current exchange rate of Rs 84.45 per dollar, the price of 1 Bitcoin is:
$98,000 × Rs 84.45 = Rs 82,76,100.
Multiplying this by the number of Bitcoins you own (295.85 BTC), we get:
295.85 BTC × Rs 82,76,100 ≈ Rs 24,47,32,78,185 (Rs 2,447 crore)
This means that your initial Rs 1,000 investment in Bitcoin would now be worth a whopping Rs 2,447 crore. That's a jaw-dropping 244,732,78,085% return over 14 years!
For perspective, an investment in the stock market, gold, or real estate during the same period wouldn't even come close to these figures.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
- Ethereum (ETH) Is Again Above $3,300, Shiba Inu (SHIB) Is Ready For The Next Leg Up, and Newcomer Cutoshi (CUTO) Could Outperform Most Majors In 2025
- Nov 24, 2024 at 08:25 pm
- After failing to sustain its move above $3,400, Ethereum experienced a pullback that saw it enter a short-term ranging channel where bulls stepped
-
-
-
-
- 75th anniversary of Indian Constitution adoption to be marked in Central Hall of Parliament on Tuesday
- Nov 24, 2024 at 08:20 pm
- Parliamentary Affairs Minister Kiren Rijiju announced that the celebration will occur in the Central Hall of Samvidhan Sadan, the old Parliament building where the Constitution was originally adopted on November 26, 1949.
-
-
