How Rich Would You be if You Bought Bitcoin a Year Ago?
In the past 12 months the price of Bitcoin has increased more than 1000%. Recent interest in Bitcoin from institutional investors has certainly given its narrative a different tinge. Earlier this year, the world’s largest futures exchange, the Chicago Mercantile Exchange (CME), said it would offer Bitcoin futures due to demand from its clients. Bitcoin investors took it as a good sign. The introduction of futures would in theory increase the number of institutional investors in the Bitcoin world, thereby increasing liquidity and stability of the market. Meanwhile, the Nasdaq and Cantor Fitzgerald are also reportedly planning their own Bitcoin futures exchanges.
So what if an investor had gotten in on the Bitcoin bet before the CME decided to offer Bitcoin futures? If you had decided to go onto a Bitcoin exchange and buy some 100 dollars worth of Bitcoin a year ago, it would be worth about 1,382 dollars today.
The price was increased from 1000 dollars to 13820 dollars, as a result, 75000 dollars would change into 1 million dollars.