Ultimate FOMO: missed opportunities in Bitcoin

If You’d Bought Bitcoin When You First Heard About It, How Much Would It Be Worth Today?

Charting the missed opportunities of those who chose not to hop on crypto early.

At this point, Bitcoin is no secret. What was once a fringe online movement is now synonymous with blockchain, and just about everyone knows about it, even those who’ve never bought crypto before. Since its value has seen incredible gains and some folks have made quite a lot of money, there is still a ton of interest from new investors, meaning major growth is still possible.

A big question people have is whether it’s too late to get rich from Bitcoin. While there are definitely risks involved, there’s also a lot of FOMO to be had as well. Those who chose not to jump on Bitcoin when it was first explained to them are probably kicking themselves, and want to know if it’s not too late.

If you didn’t believe in Bitcoin early on, don’t be too mad at yourself; a lot of people were skeptical at the beginning. Had you invested in Bitcoin when you first heard about it, would you be rich by now? Let’s take a look at some major dates in Bitcoin’s history when you might have gotten wind of it, and how much you’d have today if you’d invested $100 at the time.

2008-2009: Bitcoin’s infancy

The original Bitcoin white paper, Bitcoin: A Peer-to-Peer Electronic Cash System,” was published in October 2008. The first peer-to-peer Bitcoin transaction occurred in 2009, when Satoshi Nakamoto sent 10 Bitcoins to Hal Finney, who became the first person to Tweet about it. However, it still did not have intrinsic value because it hadn’t been adopted by regular users.

It’s possible that if you were a tech geek, you read about Bitcoin at the time, but very unlikely you were able to pick some up. Those 10 Bitcoins sent to Hal Finney did not have real-world value at the time, but today? They’d be worth $550,000.

2010: Bitcoin becomes a commodity

A now-infamous anecdote is that in 2010, crypto-miner Laszlo Hanyecz offered 10,000 Bitcoins in exchange for two pizzas to be delivered to his house, in the first ever real-world cryptocurrency payment for something with tangible value. Since two pizzas were around $25, that meant Bitcoin now had a monetary value and exchange rate in dollars, around $0.0025. The price was rather arbitrary, but in 2021, those 10,000 Bitcoins would be worth a staggering $550,000,000.

Later that year, Bitcoin began trading on open exchanges at a price of $0.0008. So what if you had purchased $100 worth at the time?

Bitcoin price in 2010: $0.0008

Bitcoin value of a $100 purchase: 125,000

Worth in 2021: $6,875,000,000

Images from Pixabay

2011: Mainstream news coverage and the one-dollar mark

Bitcoin received major attention by mainstream media for the first time in 2011, when Time published an article called, “Online Cash Bitcoin Could Challenge Governments, Banks.” Many individuals first heard about Bitcoin thanks to this article. 2011 was also the first time when Bitcoin broke the $1 mark. Due to the increased attention, prices r