Yuriko Nakao | Getty Images News | Getty Images
Bitcoin is at it again.
Even though the asset has been highly volatile, those who have held it long term have reaped incredible gains.
For example, if you invested in bitcoin when it was first launched in 2009, your returns could be in the millions or billions, because the initial value of the asset was $0.
“It’s the best-performing asset of the last decade for sure,” said Daniel Polotsky, CEO of CoinFlip, one of the largest bitcoin ATM companies in the U.S.
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If you bought bitcoin a little bit later and held the asset through the ups and downs, you’d still see remarkable returns from your initial investment.
Millions in gains
Say you got into the game when a bitcoin was 10 cents, around October 2010. If you invested $100, you’d have been able to buy about 1,000 bitcoins.
At its all-time high Thursday, those 1,000 bitcoins would’ve been worth more than $48 million, not accounting for compounding and assuming you bought and held the asset the entire time.
To be sure, that’s a long