What It Cost to Buy 5,000 Bitcoin on October 7th, 2010
History is a very important aspect of the crypto industry, as it helps us know our past and make future projections.
Many people, when you recommend investing in the crypto industry for them, will make excuses for volatility and coin performance in the past 365 days. What about several years ago?
In 2010, one bitcoin was just $0.20, and buying 5,000 bitcoins would cost only $1,000. Compare that to today's price. A bitcoin is $28,000, and 5,000 bitcoins will cost you approximately $140 million.
I hope this opens your eyes to the potential of cryptocurrency. If you're already in this market, stay tuned, as it has a lot to offer. In the coming years, you will look back and count yourself as one of the earlier adopters.
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