I Invested $50 In Bitcoin In 2022 - Here's What It's Worth Now After A Record Rally

3 days ago

Welcome to Hot Bitcoin Summer, 2025 Edition. It's July 14, and Bitcoin is connected fire.

Turns retired that erstwhile nan President of nan United States is bullish connected a clone currency, it takes off. Then, erstwhile nan US Congress declares "crypto week," cybercurrency speculators get that warm, squishy emotion that makes them deliberation bully things are astir to hap successful their imaginary world of bits arsenic bucks.

In grant of each of this and because my eyes popped erstwhile I checked my ain investments this morning, I'm talking astir Bitcoin. Specifically, successful this article, I'll talk really overmuch money I gained connected my immense Bitcoin holdings since nan past clip I updated this article, backmost successful January.

To put this into perspective, fto maine specify what I mean by "vast." On Jan. 1, 2022, aft a celebratory New Year's Eve filled pinch immoderate was playing connected BritBox that evening, I decided to return nan plunge and put my entire PayPal relationship equilibrium into Bitcoin.

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PayPal, you see, had conscionable announced that it would go a Bitcoin wallet provider. That meant each I had to do was springiness up moreover much individual identifying accusation than I usually do to PayPal, on pinch my PayPal balance, and I would go nan proud proprietor of what was past somewhat much than 0.001 of a Bitcoin.

My commencement pinch Bitcoin

During nan process of mounting up my Bitcoin investment, I regained immoderate grade of self-control and perspective. Rather than putting my full PayPal equilibrium of $64 into Bitcoin, I decided to put a much sane $50 (plus nan $1.15 successful fees PayPal demands for its always-so-helpful information successful immoderate transaction).

That self-control came successful clutch when, aft conscionable a week, my holdings dropped almost 14%.

My thrust disconnected nan cliff that was Bitcoin wasn't complete -- not by a agelong shot. Two weeks later, my holdings dropped by different 14%, bringing nan full to 28% beneath what they were astatine nan opening of that month.

By that point, I felt it was my work to show nan world that this fake rate was intelligibly a bad idea and that investing successful it was bonkers.

I decided my champion people of action was to extremity looking astatine it, and I near my relationship to plummet earthward until nan six-month day of my original purchase. Then I decided to return a look.

Bad idea. My finance was down 60% from its original position. Can you ideate really bad this would person felt if I'd invested thousands aliases tens of thousands of dollars?

There was nary motion of a rebound. The only point Bitcoin was giving maine was a taxable to constitute astir and justification for complaining and mocking.

I waited. And mocked. And complained.

January 2023

And then, connected Jan. 1, 2023, nan yearly contented of reporting to you astir my Bitcoin finance became formalized. I mislaid little successful nan 2nd half of 2022, but by January 2023, I was still down a whopping 66%.

Yeah, by this point, I was gladsome I hadn't jumped connected nan full Bitcoin bandwagon backmost successful nan day. I chose not to look astatine nan worth again until New Year's Day of 2024.

January 2024

Amazingly, nan worth of my holdings from nan erstwhile July had almost doubled. Sadly, it was still underwater.

All of that brings america to New Year's Day 2025. While I didn't look astatine my finance passim 2024, I had been very alert of nan news.

New Year's Day 2025

First, location was the Bitcoin halving process. A scarcity algorithm is built into Bitcoin. Every clip a caller 210,000 blocks are mined successful nan blockchain, Bitcoin's reward to miners is reduced.

This happens astir each 4 years. On April 19, 2024, nan artifact reward was reduced from 6.25 bitcoins to 3.125 bitcoins. The thought is that this reduces nan inducement for mining, thereby putting little rate into nan marketplace and expanding wide value.

But nan large event, nan 1 that caused Bitcoin to surge successful value, was nan election. The wide worth for a azygous Bitcoin was successful nan $60K scope each done 2024, moreover aft nan halving event. It was astatine $69,494 connected Nov. 1.

On Nov. 6, it jumped to $75K. By Dec. 1, it was astatine $97K.

President Trump is very bullish connected cryptocurrency, and backmost successful January, that was a very large thing, according to Reuters. Since nan worth of nan coin is based wholly connected nan worth traders put into it, Reuters believed nan then-incoming president's pro-crypto stance fueled nan emergence successful rate prices overall, and Bitcoin's successful particular.

My Bitcoin holdings, arsenic of astir 5 p.m. backmost connected Jan. 1, 2025, were up to almost $100 (it was astatine $99.92). That's almost double what I invested. Remember that though I invested $50, PayPal took $1.15 successful fees. So my profits are up 95% alternatively of conscionable astir 100% because of those fees.

Congress's Crypto Week 2025

So what's nan marketplace doing now? Well, arsenic of astir 6 a.m. PT connected July 14, my holdings are up a whopping 150.18% from my original investment.

That puts my $50 (plus fees) finance astatine $127.97, astatine slightest for now. Here's different beautiful chart.

Is Bitcoin a bully investment?

So, does this mean I'm now bullish connected Bitcoin? No much than immoderate different finance that tin crater and skyrocket according to nan whims of nan market, no.

Look, I'm not qualified to make finance recommendations. But I'm still convinced that cryptocurrency is nuts. All cryptocurrency is, is an statement among a bunch of group to delegate an arbitrary worth to an algorithm. That seems for illustration crazy talk.

On nan different hand, that's our full economy, isn't it? We delegate money a worth and work together upon it, whether it's dollars aliases moreover gold. Stocks person worth because of really a bunch of group behave erstwhile buying and trading them. Even algorithms person value. Microsoft, for example, has been making slope for years disconnected of Office revenue, and each Office really is, fundamentally, is simply a postulation of algorithms.

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I'll show you this: I'm not going to beryllium expanding my liking successful Bitcoin. I'm not putting immoderate much than my original $50 (plus fees) into nan cryptocurrency. I'm conscionable not into that benignant of gambling. But I unrecorded successful nan aforesaid nine and system that each of you do, truthful I'll beryllium spending each workday doing my champion to make dollars -- which onshore successful an relationship electronically.

I'll past push immoderate different buttons connected surface to bid groceries via Instacart aliases products via Amazon. So, yeah, successful galore ways my individual acquisition of existent dollars isn't each that overmuch different successful believe than that of Bitcoin isolated from much entities judge dollars than do Bitcoin.

Will Bitcoin aliases different cryptocurrencies switch nan dollar? It's possible. The world is conscionable wacky capable to do it. Think astir it this way: Before nan 1950s, we didn't really usage in installments cards. Now they're basal for conscionable astir each non-face-to-face transaction and astir face-to-face transactions, arsenic well. So, will crypto spell mainstream? Check backmost pinch maine adjacent New Year's Day.

What do you think? Have you invested successful Bitcoin aliases different crypto? Let america cognize your thoughts successful nan comments below.

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