No matter how you slice it, bitcoin is only getting more and more popular. It’s no doubt due to celebrities like Elon Musk supporting the digital currency. Some people even think bitcoin will surpass gold.
But all of this begs the question — how much is one bitcoin? There’s a lot of talk about market value, investment opportunities, trading, and uses, but at the end of the day, what is bitcoin worth?
If you want to understand bitcoin value today, you’re at the right article. We’ll walk you through a brief guide.
How Much Is One Bitcoin?
Bitcoins’ status on the stock market makes its price volatile. However, despite a few road blocks along the way, bitcoin has risen in price over the years since it was developed in 2009 by Satoshi Nakamoto.
It’s important to remember that as this question gets answered… it’s not really the right question. Bitcoin doesn’t convert to U.S. dollars in any easy rate-of-exchange-esque way. It’s more similar to a stock than a foreign currency.
To demonstrate just how flexible the price of Bitcoin is, consider the fact that its starting value was, quite literally 0 dollars. With no investors, bitcoin isn’t worth anything.
When it first started trading, it started trading at 8 cents per coin. Now, you can buy one bitcoin for 30,756.90 US dollars. At its peak, back in January, it was worth over 40,000 dollars.
Some people think that one bitcoin can be worth close to 400,000 dollars by the time 2030 rolls around. That means that even a small investment can go a long, long way.
If you’re looking to invest in bitcoin, you’re in luck. Bitcoin ATMs are rapidly expanding across the country. Head over to https://www.bytefederal.com/ to learn more about bitcoin ATMs.
What’s the Minimum You Can Invest in Bitcoin?
Perhaps the better question to ask is “what’s the minimum amount of money you can invest in bitcoin?” The minimum amount is around 100 dollars since you’re able to buy fractions of a bitcoin.
This once more proves the futility of “how much is one bitcoin worth”, since “one bitcoin” is really more of a number the sets the standards for investing. Very few people can afford to buy “one bitcoin” so it’s much more practical to ask how much to invest.
It should be noted that bitcoin is not the only cryptocurrency out there. There are other “altcoins” such as Etherium and Dogecoin, that have their own market values.
Make Sure You Ask the Right Questions Before You Make Any Investments in Bitcoin
At the end of the day, if you’ve found yourself asking the question “how much is one bitcoin” you might not be ready to make any investments. Do a little more research in the world of stocks and trading, and familiarize yourself with the concept that bitcoin constantly changes in value.
For more articles like this, check out our “how-to” section.