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If 12 years ago held 1 USD to buy Bitcoin, now investors can reach the top how many % of the richest people in Vietnam?

Bitcoin (BTC) was released in 2009, operating on blockchain technology, which can be exchanged directly using an Internet-connected device without going through an intermediary financial institution.

During its existence for more than a decade, Bitcoin has become more known and invested in by investors due to concerns about the risks of real-world financial markets. Thanks to that, the value of Bitcoin has also increased gradually.

If 12 years ago held 1 USD to buy Bitcoin, now investors can reach the top how many % of the richest people in Vietnam?  - Photo 1.


Even, Bitcoin is considered by many investors, including former US Treasury Secretary Lawrence Summers, as “digital gold”. This demonstrates investor confidence that Bitcoin can become a store of value assets similar to gold and unaffected by other financial markets.

According to Fortune, in 2010, when Bitcoin was first used to buy goods, the coin was only worth about 1/4 Cent (1 USD = 100 Cent). During the past 12 years, the value of the coin has now recorded a dizzying increase.

At the end of 2012, the price of one Bitcoin rose to $7.50. By 2013, the price of this cryptocurrency was $1,000. Bitcoin became popular in 2017 when it increased in price from $900 to nearly $20,000 in less than a year. By November 2021, the world’s largest cryptocurrency by market capitalization reached an all-time high, at $69,000/BTC.

After peaking, Bitcoin price went down. As of March 16, 2022, Bitcoin is trading around $40,000/BTC. Bitcoin’s market capitalization currently stands at $750 billion. This is much larger than the $323 billion market capitalization of Ethereum – the world’s second-largest cryptocurrency.

Although the Bitcoin price has moved far from the record $ 69,000 mark, it is undeniable that the potential of the cryptocurrency market when many large organizations dedicate a part of their portfolio to Bitcoin such as: Cloud software company MicroStrategy, the manufacturer. electric car maker Tesla, payment processor Square.

Thus, if investors poured money into Bitcoin as early as 2010, they would see the price of this currency increase about 16 million times over the course of more than a decade. Suppose, an investor spends 100 USD investing in Bitcoin since 2010, then by March 16, 2022, with a price of more than 40,000 USD/BTC, the value of this investment will increase to more than 1, 6 billion USD.

According to data from the World Inequality Database, the average wealth of those in the top 1% of the world’s richest population in 2021 amounted to 814,776 USD (equivalent to 18.5 billion VND), the top The richest 10% is 181,132 USD (equivalent to 4.1 billion VND).

Thus, with only $100 invested in Bitcoin and holding since 2010, investors can easily reach the top 1% of the richest in Vietnam, even with billions of dollars in assets to reach the top richest people. Vietnam.

Even with just 1 USD invested in Bitcoin and held since 2010, the value of that money has increased 16 million times, reaching 16 million USD, easily reaching the top 1% of the richest in Vietnam, even Even the top millionaires, the rich group accounts for less than 0.1% of Vietnam’s population.

According to CNBC, when it comes to cryptocurrencies, past success is no guarantee of future returns. Experts also warn investors not to invest in cryptocurrencies more than you are willing to lose.

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