If You Invested ₹10,000 in Bitcoin in 2010, It Would Now Be Worth ₹3607 Crores – Check How
₹10,000 in Bitcoin in 2010? Unbelievable What It’s Worth Today!
Bitcoin is poised to cross the $100,000 milestone soon, with global investment firm Bernstein projecting it to reach $200,000 by 2025, $500,000 by 2029, and an impressive $1 million by 2033.(Bitcoin may soon surpass the ₹84 lakh mark, with global investment firm Bernstein predicting it could reach approximately ₹1.68 crore by 2025, ₹4.2 crore by 2029, and a staggering ₹8.45 crore by 2033, based on the current exchange rate of ₹84.45 per US dollar.)
When Bitcoin launched in 2009, few could have predicted its rise to astronomical values and its emergence as a global financial phenomenon. This prompts a fascinating question: what if someone had invested ₹10,000 in Bitcoin in 2010, just a year after its inception?
Bitcoin’s Price in 2010
At the start of 2010, Bitcoin traded at $0.05 per coin, according to CoinCodex data. Given the exchange rate of ₹45.73 per dollar (as per BankBazaar), each Bitcoin cost ₹2.29.
With ₹10,000, an investor could have purchased 4,366.81 Bitcoins in 2010.
Bitcoin’s Price in 2024
As of November 25, 2024, Bitcoin’s spot value is $97,821.88, according to Bloomberg. Analysts expect it to surpass $100,000 soon, with Bernstein predicting milestones of $200,000 by 2025, $500,000 by 2029, and even $1 million by 2033.
Today, those 4,366.81 Bitcoins would be worth $427,169,563.80 ($427.17 million).
At the current exchange rate of ₹84.45 per dollar, this equates to an astounding ₹3,607.44 crore.
Return on Investment
This translates to a staggering 36,07,445.97% (36.07 lakh per cent) return over 14 years.
Cryptocurrency Regulation in India
India’s stance on cryptocurrencies remains ambiguous. While the Reserve Bank of India (RBI) has advocated for a complete ban, the finance ministry has opted for regulation, imposing:
- A 30% tax on profits from cryptocurrency trading, with no provision for offsetting losses.
- A 1% Tax Deducted at Source (TDS) on transactions exceeding specified limits.
The regulatory framework continues to evolve, reflecting global trends and domestic policy debates.
