What if I Invest $100 in Bitcoin Today?

Investors and journalists compare the current fashion for investing in cryptocurrencies (in particular, Bitcoin) to the American gold rush in the mid-19th century. Others compare the mania for digital currency to the Dutch craze for tulips in the 18th century. Record Bitcoin prices and the launch of the first exchange-traded fund trading Bitcoin futures again showed that cryptocurrencies are gradually conquering the world. Classic investors are increasingly thinking about uploading them to their portfolios. 

Time will tell how long Bitcoin and similar digital assets will last, whether they will become the new gold standard or fade into oblivion just as the tulip craze in Holland has passed.

As per BTC cost estimations by the end of 2024, the price of Bitcoin will get closer to $100,000. But whether there are prerequisites for such predictions and how much will $100 in Bitcoin be worth in a year will be discussed further in the article.

What Is Bitcoin?

Bitcoin was created as an open-source digital payment system. The project was launched in 2009. The creator of Bitcoin is believed to be Nakamoto Satoshi, who is probably a programmer or a group of people.

In the Bitcoin system, the amount of currency is limited to 21 million coins.

The lower the demand and the number of participants, the easier it is to earn rewards in the system.

As the number of users has increased, the difficulty of the tasks for which Bitcoins are rewarded has increased. “Coins” used in the system are a unique computer code that cannot be generated by accident. So, they are protected from counterfeiting or other malicious activity.

The price of BTC coins depends on supply and demand, not on the quantity of participants in the system.

The main features of Bitcoin are:

• the absence of a single control center;
• the ability to transfer without intermediaries to any Internet-connected device with wallet software installed;
• data on any transfer is stored in the blockchain forever;
• user anonymity – only a digital address in the system is required for storage and transfer, etc.

The main breakthrough and at the same time the value of this project is that for the first time, it managed to create a self-sufficient, reliable, and decentralized system for transfers.

What Is Bitcoin Worth Today?

On the 3rd of January 2009, the first block was generated and the first 50 Bitcoins were issued. The initial Bitcoin transfer also took place in January 2009: Satoshi Nakamoto sent 10 Bitcoins to the American programmer Harold Finney. The first exchange of Bitcoins for real currency took place in September 2009, and the first exchange for goods – was in May 2010: American programmer Laszlo Hanyecz received two pizzas with delivery for 10 thousand Bitcoins.

In October 2009 Bitcoin was worth $0.0008, in 2011 the rate developed to $1. As of the 16th of February 2024, 1 BTC could be bought or sold for $52,394.83.

Can I Invest $100 in Bitcoin Today?

How much will I get if I invest $100 in Bitcoin?

My first thought goes to yield. In the past five years, the value of Bitcoin has jumped from $605 to $63,000, which is a nearly 7,500% increase. This dynamic has attracted millions of individual and corporate investors. 

In general, this second week of February 2024 Bitcoin was growing steadily, determined by external factors: the weakening of the US dollar and the growth of stock indices. If these conditions persist, the price upsurge may continue. In the context of the upcoming halving in spring this year the experts admit that, in previous years, the main upgrowth occurred between 12 and 18 months after the halving, while a smooth increase began already in a few months afterward. This is because the period required to generate new units can either slow down or accelerate depending on a variety of factors.

Everyone decides for themselves whether and how much to invest in Bitcoin. Much depends on investment ambition, attitude to risk, trading experience and the time traders are willing to spend. However, alpha and omega to remember when investing in Bitcoin is that this cryptocurrency is extremely volatile and unpredictable. Trading BTC can result in very high instant profits and substantial losses. Still, investing more than 7-10% of your capital according to experts is not worth it. There is too much uncertainty.

Where to Invest $100 in Bitcoin?

In the early days of Bitcoin, mining was the only way to invest in this cryptocurrency. However, these days, the process has become easier. Traders can simply buy Bitcoin like any other financial asset. Moreover, they can choose different ways to manage their investments.

The buy-and-hold method

This type of investment involves buying Bitcoins on a trading platform and then storing them in a cryptocurrency wallet in the expectation that the cost will rise. 

Trading method

Trading is another form of investing in Bitcoin. In this case, you need to develop a commercial strategy, which can be short-term or long-term.

Short-term Bitcoin merchandizing means that traders seek to profit from short-term movements in the BTC price. These are usually riskier strategies that require serious preparation. Long-term trading systems involve traders buying BTC and storing it for a long period to vend it later at a further bid.

Those who are still thinking about buying some Bitcoins can start with the Binance world’s largest cryptocurrency exchange. There are other exchanges and other options for acquiring Bitcoin through cryptocurrency exchange services, and the best option here is the Godex anonymous crypto conversion facility.

What is the Potential Return on a $100 Investment in Bitcoin in 2024?

As per crypto analysts, In the coming year, the Bitcoin exchange rate may renew the historical record of $69,000. The main reasons for this are the upcoming halving in April this year, as well as expectations of approval of exchange-traded funds for Bitcoin. The latter should significantly increase demand for the main cryptocurrency, experts believe. If this happens and the United States does not tighten the regulation of crypto, the coin is quite amenable to the rate of $100 thousand. 

In 2023, the price of Bitcoin skyrocketed by more than 160% and at the end of December exceeded $44 thousand.

In the new year, the coin may continue to advance in value. One of the main reasons for this is confidence in the approval by regulators in various countries of applications for the creation of spot Bitcoin-ETFs (a type of exchange-traded fund that directly holds Bitcoin as an underlying asset).

Investing in Bitcoin right now may look favourable given the continued growth prospects.

If I invest $100 in Bitcoin today how much is it worth at the end of 2024? Let’s take a look at the possible outcomes of your investment at the cash Bitcoin price of $52,395, taking into account various expert forecasts.

Changelly predicts Bitcoin could reach its high of $78,369.16 within this year.

Potential Value: $149.57

ROI: 49.57%

As per CoinCodex compared to today’s price, by 2025 Bitcoin could gain the upper price target of $ 149,245. 

Potential Value: $284.84

ROI: 184.84%

Should you invest $100 in Bitcoin right now?

In the coming third week of February Bitcoin will be the arena for the fight between sellers and buyers. The bulls made a powerful breakthrough last week, but now they need to consolidate their forces to overcome the next resistance level of around $55,000. This may not be easy.

A month after the launch of spot ETFs, Bitcoin has returned to its January 2024 peak. For investors who took positions in January, this means getting into the plus side and being able to close the position without losses. 

It is wise to determine the amount you can plough in cryptocurrencies over a certain period. You can invest, for example, $20, $100, or $1,000 per month, depending on your capacity. The main rule is not to invest more in cryptocurrency than you can afford to risk.

How Much Bitcoin Should I Buy?

The backstory of the Bitcoin movement shows that it is suitable for long-run investments. Experts explain that halving impulsion of this cryptocurrency is cyclical: it updates the max hold every four years. Therefore, investing in Bitcoin these days is worth considering for those who are willing to hold Bitcoin for an extended period. Owing to the turbulence of the Bitcoin price, investments in this asset can be made regularly, regardless of the rate of conversion. For example, you can invest the same abundance of capital in Bitcoin. In this way, you can control the average cheapen of your portfolio.

FAQ

What is Bitcoin Price Prediction in the Future?

Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad”, published a post in which he stated that he is not sure about the future ages of gold and expects Bitcoin and silver to grow. Over the past several years, Kiyosaki has repeatedly argued that financial markets are at risk of collapsing and has said that precious metals and Bitcoin are the only assets in which to save money. In February last year, he predicted the Bitcoin rate would rise to $500 thousand by 2025.

According to Bloomberg, with the first cryptocurrency’s rate rising due to significant investments in Bitcoin by exchange-traded funds (ETFs), funds investing in gold faced outflows. 

According to CoinCodex, the Bitcoin price could rise to $150 thousand in 2025 and $273,987 by 2030.

Analysts at Standard Chartered Bank expect the Bitcoin exchange rate could reach $200,000 by the end of 2025. One of the main factors on which the forecast is based is the approval of spot Bitcoin ETFs in the US.

Which Crypto Should I Invest In?

Although Bitcoin is the self-proclaimed leader of virtual capital the asset diversification has never been canceled.

Ethereum has been holding second place in the сrypto market capitalization ranking for decades to come. There is no reason to assume that the position of ETH will deteriorate shortly. In 2024, Ethereum is expected to receive technical updates that may make ETH more efficient. Experts do not rule out the possibility of the emergence of new, more high-tech coins in the future, which could revolutionize the market.

Can Newbies Invest in Bitcoin?

Bitcoin is a pacesetter, highly respected, and most widely used cryptocurrency. It may be going through turbulent times, but if the above-mentioned expert predictions come true, Bitcoin will dominate the market and at this point, it is obviously considered one of the utmost investment objectives for novice investors.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.