Investing.com UK - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Here's How Much $100 Invested In Bitcoin Would Be Worth If It Hits Levels Seen On Satoshi Nakamoto's 'Birthday'

Published 18/11/2022, 12:31

Benzinga - Bitcoin's (CRYPTO: BTC) pseudonymous creator Satoshi Nakamoto entered April 5, 1975, as their date of birth on a P2P foundation online profile.

The day entered by Nakamoto also coincides with another significant event. On April 5, 1933, U.S. President Franklin D. Roosevelt issued the war-time Executive Order 6102 which ordered people to deliver all gold coin, bullion, and gold certificates owned by them to banks within the Federal Reserve system.

Interestingly, according to Nakamoto's profile, he is a 47-year-old man living in Japan. However, some have argued the Bitcoin creator could be a woman.

See Also: How To Buy Bitcoin (BTC)

The Investment: On Nakamoto's latest "birthday" Bitcoin was trading at a high of $47,106.14. Should an investor purchase $100 of Bitcoin today, when it is priced at $16,798.87, here's how much they'd have if the coin touches the level it was on its creator's supposed anniversary.

​​

Investment Date Of Purchase/Listing Purchase Amount Purchase Price Units/Shares Obtained Worth If Price Bounces To Satoshi's Birthday High Percentage Change
Bitcoin (BTC) Nov. 18, 2022 $100 $16,798.87 0.00595 $280.41 180.41%

The investor will stand to gain $180.41 on their investment should Bitcoin shoot up to the day Nakamoto was supposedly born. The $100 investment would have turned to $280.41 — a gain of 180.41%.

Read Next: Here’s How Much $1,000 Invested in Ethereum (ETH) Would Be Worth If It Returns To Merge-Day High

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.