Could Buying Bitcoin Today Set You Up for Life?

Ten years ago, Bitcoin (CRYPTO: BTC) was trading at about $245. At the time, the critics claimed it was in a bubble, since it had already risen 8,166,566% from its earliest trading price of $0.003 in 2010. That's the same year a man bought two pizzas with 10,000 bitcoins. But today, Bitcoin trades at more than $116,000. A $1,000 investment 10 years ago would have grown to more than $469,000. Those two pizzas would now cost $1.16 billion.Investors might be wary of buying more Bitcoin after those huge gains, but the bulls believe it could soar even higher. Ark Invest's Cathie Wood sees its price surging as high as $2.4 million by 2030, while Strategy's (NASDAQ: MSTR) Executive Chairman Michael Saylor expects it to reach $21 million by 2046. We should take those bullish estimates with a grain of salt, but let's see if buying Bitcoin with a fresh $1,000 investment today could set you up for life during the next few decades.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool