Here’s why you wouldn’t be a Bitcoin millionaire from a 2010 $1 purchase
The $1-to-Bitcoin-millionaire story is mostly a myth. Discover why early buyers faced extreme volatility, exchange collapses, lost private keys and more.
It’s almost an irresistible daydream: step into a time machine, buy a pile of Bitcoin for pennies in 2010 and return to the present to find millions sitting in your account.
In March 2010, the first recorded Bitcoin exchange price was about $0.003 per Bitcoin (BTC), and prices never rose above $0.40 that year. Today, BTC trades well into the six-figure range.