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Exactly 14 years ago, a user on the legendary Bitcointalk forum <a href="https://x.com/pete_rizzo_/status/1845796841981362616" rel="noopener noreferrer nofollow">asked</a> whether or not it would be actually safe to invest $1,000 in the then-fledgling cryptocurrency.&nbsp;&nbsp;
Back then, the cryptocurrency was changing hands at just $0.10.&nbsp;
Pete Rizzo, a prominent Bitcoin historian, has estimated that a positive decision could have resulted in an eye-popping gain of $600 million.&nbsp;
As&nbsp;<a href="https://u.today/bitcoin-is-up-8700000000-since-this-key-event" rel="noopener noreferrer nofollow">reported by U.Today</a>, it has been more than 15 years since Bitcoin acquired its initial exchange rate on the New Liberty Standard Exchange. In early October 2009, it was worth just a fraction of a cent.&nbsp;
The initial price of the cryptocurrency was calculated based on the cost of electricity that was needed for running a computer. Notably, JPMorgan's pricing model still calculates Bitcoin's "intrinsic value" based on the cryptocurrency's marginal cost of production.&nbsp;
Back in 2010, there was no demand for buying Bitcoin since early adopters could simply mine the cryptocurrency on their own personal computers, receiving a hefty block reward of 50 BTC.&nbsp;
This was the earliest stage of Bitcoin adoption when the cryptocurrency was rarely viewed as a viable investment opportunity.&nbsp;&nbsp;
It then went on to experience its first wave of speculative fervor in 2011, finally reaching $1 in February 2011. In June, the cryptocurrency soared to nearly $30 due to wider coverage in the mainstream media.&nbsp;
Bitcoin's mainstream breakthrough only happened in 2017 when it briefly came close to the $20,000 mark. However, it also attracted a lot of coverage during its 2013 bull run.
As&nbsp;<a href="https://u.today/bitcoin-named-the-best-asset-of-the-decade-by-bank-of-america-merrill-lynch" rel="noopener noreferrer nofollow">reported by U.Today</a>, Bitcoin was recognized as the best asset of the 10s due to its stellar performance.&nbsp;
However, pundits of the likes of MicroStrategy CEO Michael Saylor are convinced that the largest cryptocurrency still has a lot of growth potential left.&nbsp;

Investing Just $1,000 In Bitcoin 14 Years Ago Would Have Resulted in Massive Fortune

U_Today

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