{"id":6442,"date":"2023-10-05T15:33:44","date_gmt":"2023-10-05T15:33:44","guid":{"rendered":"https:\/\/newsbuzz24x7.com\/bitcoin-historic-growth-trend-shows-1309-btc-equaled-1-fourteen-years-ago\/"},"modified":"2023-10-05T15:33:44","modified_gmt":"2023-10-05T15:33:44","slug":"bitcoin-historic-growth-trend-shows-1309-btc-equaled-1-fourteen-years-ago","status":"publish","type":"post","link":"https:\/\/newsbuzz24x7.com\/bitcoin-historic-growth-trend-shows-1309-btc-equaled-1-fourteen-years-ago\/","title":{"rendered":"Bitcoin Historic Growth Trend Shows 1,309 BTC Equaled $1 Fourteen Years Ago"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong><span data-preserver-spaces=\"true\">Today, October 5, marks an anniversary in the history of Bitcoin (BTC) in which a total of 1,309.03 BTC units equaled $1.<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The notification was\u00a0<\/span><span data-preserver-spaces=\"true\">brought<\/span><span data-preserver-spaces=\"true\">\u00a0to the fore by Pete Rizzo, a Forbes contributor and self-proclaimed Bitcoin historian. Rizzo attached a chart to his post showing how the asset\u2019s price grew on different days in October 2009.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">History of Bitcoin as a Wealth Builder<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Notably, as of October 5, 2009, $1 amounted to 1,309.03 BTC tokens. At this rate, 1 BTC was worth $0.0007639. However, the asset skyrocketed in the following days, hitting $0.001128 per BTC on October 13, 2009. With the October 13 rate, $1 amounted to 885.91 BTC tokens.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/F7rGVeIWoAAKgkm?format=jpg&amp;name=large\"\/><\/p>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/F7rGVeIWoAAKgkm?format=jpg&amp;name=large\"\/><\/noscript><\/p>\n<p><span class=\"td-adspot-title\">&#8211; Advertisement &#8211;<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">Adding context to the data, Rizzo noted that the digital currency celebrated today was worth literally $0 back in 2009. It has printed more than 3.6 billion percent at current price levels since then.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For further context, a $1 investment in Bitcoin on October 5, 2009, will yield an approximate return of $36.27 million. This massive price growth peaked in November 2021 when the cryptocurrency soared to its All-Time High (ATH) price above $69,000. Since then, the coin has been on a\u00a0<\/span><span data-preserver-spaces=\"true\">steady reversal<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over a decade, Bitcoin has become a revered asset class many investors place their bets on. While individual or retail buyers first fueled its recognition, top institutions now know its worth and invest heavily in its accumulation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One such institution is MicroStrategy, a business intelligence and software firm accumulating Bitcoin since August 2021. MicroStrategy remains a crucial model for other firms as its total BTC holdings have now\u00a0<\/span><span data-preserver-spaces=\"true\">exceeded<\/span><span data-preserver-spaces=\"true\">\u00a0158,245 BTC, which makes up 0.754% of the Bitcoin supply.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Projections for More Price Growths<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With the possibility shown by RIZZO on how far Bitcoin has come, many industry leaders are even more optimistic that there is more upside for the digital asset.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Besides Binance CEO Changpeng \u2018CZ\u2019 Zhao, who\u00a0<\/span><span data-preserver-spaces=\"true\">predicted<\/span><span data-preserver-spaces=\"true\">\u00a0that it could take Bitcoin 2 years to retest its ATH, several analysts are more optimistic, with calls ranging from $1 million\u00a0<\/span><span data-preserver-spaces=\"true\">according<\/span><span data-preserver-spaces=\"true\">\u00a0to Ark Invest Founder Cathie Wood to more than $75,000 by the end of this year per a\u00a0<\/span><span data-preserver-spaces=\"true\">profiled<\/span><span data-preserver-spaces=\"true\">\u00a0Bitcoin price prediction table.<\/span><\/p>\n<div class=\"td-a-ad id_bottom_ad \"><span class=\"td-adspot-title\"\/><\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline; color: #000000; background-color: #ffffff;\"><strong>Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n<p style=\"text-align: left;\"><strong>Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author&#8217;s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n<p style=\"text-align: center;\">-Advertisement-<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n#Bitcoin #Historic #Growth #Trend #Shows #BTC #Equaled #Fourteen #Years<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, October 5, marks an anniversary in the history of Bitcoin (BTC) in which a total of 1,309.03 BTC units equaled $1. The notification was\u00a0brought\u00a0to the fore by Pete Rizzo, a Forbes contributor and self-proclaimed Bitcoin historian. Rizzo attached a chart to his post showing how the asset\u2019s price grew on different days in October&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts\/6442"}],"collection":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/comments?post=6442"}],"version-history":[{"count":0,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts\/6442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/media\/6443"}],"wp:attachment":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/media?parent=6442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/categories?post=6442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/tags?post=6442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}