What if you invested $100 in Bitcoin?

If you invested $100, you’d have been able to buy about 1,000 bitcoins. At its all-time high Thursday, those 1,000 bitcoins would’ve been worth more than $48 million, not accounting for compounding...

How much is a bitcoin worth?

Say you got into the game when a bitcoin was 10 cents, around October 2010. If you invested $100, you’d have been able to buy about 1,000 bitcoins. At its all-time high Thursday, those 1,000 bitcoins would’ve been worth more than $48 million, not accounting for compounding and assuming you bought and held the asset the entire time.

What's driving the price of bitcoin?

Most recently, the price of bitcoin has been driven by high-profile support. On Thursday, Bank of New York Mellon said it would provide custody services for digital assets, citing growing client demand. Earlier in the week, Mastercard also said it would begin to offer support for cryptocurrencies on its network this year.

Why is the price of bitcoin so high in 2021?

Still, bitcoin has been on an incredible trajectory that’s outpaced other investments. So far in 2021 alone, the cryptocurrency has surged more than 63%, after quadrupling in value in 2020. Most recently, the price of bitcoin has been driven by high-profile support.