Price Of Bitcoin In 2012 | StatMuse Money (2024)

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Price Of Bitcoin In 2012 | StatMuse Money? ›

The closing price for Bitcoin (BTC) in 2012 was $13.45, on December 31, 2012. It was up 185% for the year. The latest price is $59,994.68.

In November 2012, Bitcoin went through its first “halving,” a change in the reward structure for miners, where they receive half as many bitcoins for mining blocks on the blockchain. As 2012 came to an end, Bitcoin finished at $13.50, just off the highs for the year.

That same $100 investment would now be worth more than $70,000 -- an unbelievable increase of nearly 75,000%. Although we can never time a market nor should we try, if you were to have sold the original $100 at the market top in November 2021, your $100 investment would be worth a near-inconceivable $575,000.

How Much was 1 Bitcoin Worth in 2012? Bitcoin had a relatively flat 2012, trading within a $0.50 range of $5.00 for the first half of the year. It then reached its yearly peak at the end of December, hitting a high of $13.45.

Crypto became more accessible as a result. The price followed the increase in adoption. Opening in 2013 at $13, BTC skyrocketed to breach $1,000 by November 2013.

In July 2011, two years after it was created, one coin cost $13.91. Back then, $1,000 would have bought you 71.89 bitcoin, which would be worth $2,785,737.50 today.

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%.

1 USD equals 0.000017 BTC. The current value of 1 United States Dollar is +0.60% against the exchange rate to BTC in the last 24 hours. ​ The current Bitcoin market cap is $1.14T. ​Create a free Kraken account to instantly convert USD to BTC today.

After five years, the $50 investment might be worth around $67.20. If the price of Bitcoin were to climb at a rate of 25% each year, the initial investment of $50 might be worth around $129.70.

By the way, to recap, Bitcoin's highest price was $73,844, and it was reached on the 14th of March, 2024. After gaining insight into Bitcoin's price history, you now have a better understanding of this cryptocurrency. However, it's important to remember that Bitcoin's value is subject to frequent fluctuations.

What was the Bitcoin reward in 2012? ›

2012 – The first Bitcoin halving reduces mining rewards to 25 BTC. 2016 – The second halving reduces mining rewards to 12.5 BTC. 2020 – The third halving, mining rewards dropped to 6.25 BTC. 2024 – The fourth halving, rewards will be cut to 3.125 BTC.

In 2012, that dropped to 25 bitcoins, followed by 12.5 in 2016 during the second halving, and 6.25 in 2020. This process will continue until the maximum supply of 21 million bitcoins is reached, at which point miners will only receive transaction fees as a reward for verifying transactions.

However, Bitcoin (BTC -5.31%) has absolutely crushed those gains. If you invested $1,000 in the world's oldest and most valuable cryptocurrency in April 2013, you'd be sitting on a balance of roughly $121,000 right now. That monster 12,000% gain is truly jaw-dropping.

14. If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb.

Assuming a constant monthly investment of $500 for 10 years and a bitcoin price of $1 million per coin at the end, you would earn a profit of approximately $4.8 million.

By 2010, the first recorded market price emerged, valuing Bitcoin at around $0.003 per coin. 2011 saw significant volatility, with the price surging to over $1 before dropping to around $0.30 mid-year, then reaching highs of $31 by year-end.

Bitcoin passed US$1,000 on 28 November 2013 at Mt. Gox. No exchanges or market; users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value. In March 2010, user "SmokeTooMuch" auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.

As mentioned above, during the early months of 2009, Bitcoin was valued at less than one cent per unit, and it wasn't until July of 2010 that Bitcoin was able to reach $0.08 per unit.