Bitcoin’s ups and downs
January 10, 2018 -- Bitcoin rallied to a high of $19,800 on December 16 before falling 28 percent by January 10, driven by a new generation of investors that can now bet on and against Bitcoin prices with futures contracts.
If you had spent $100 on bitcoin back in January 2011, you would have a pot of 333.33 bitcoins.
On the first day of 2012, your $100 investment would be worth $1,756.65. The price of bitcoin dipped below the $5 mark before starting to appreciate in May, rising to $13.51 by December 31, swelling your investment to $4,503.29.
2013 saw attacks by hackers against bitcoin exchanges and in September the FBI seizure of more than 144,000 bitcoins from criminal dark-web black market Silk Road, caused the price to go up and down. In December your bitcoin investment was worth around $252,500.
However, the value dropped to $309.87 per bitcoin on December 30, 2014, plunging the original investment to some $106,560. 2015 ended strong with the $100 investment worth over $137,835.
In 2016, Chinese demand caused your investment to soar before falling slightly by the end of the year to $257,977.
In February 2017, Bitcoin hit the $1,169.04 mark. From May share prices climbed, crossing the $10,000 mark in November and less than 24 hours later it was trading above $11,000.
As of 09:00GMT on January 10, 2018, bitcoin was trading at $113,478, valuing the 333.33 bitcoins at $4,492,808.