Bitcoin first broke the $100 mark at the start of April 2013. After beginning 2013 around $13, the price experienced a rapid surge to over $100, briefly hitting highs of $230–$268 before experiencing a significant correction.
By 2013, momentum had clearly shifted. Bitcoin passed $100 in April, then hit $200 in October6. In November, it reached $1,000 on Mt. Gox for the first time.
2013: As Bitcoin starts to make headlines, its price reaches $100 per coin. At this point, your initial $100 investment would be worth a staggering $12.5 million. 2017: Bitcoin surged to $20,000 per coin during 2017's historic bull run. The same $100 investment would now be worth $2.5 billion.
Gold's 20-Year Return
Through the end of 2024, gold had posted a 20-year average annual return of 9.47%. If you had invested $10,000 at the start of this period, you'd have $65,967 in your account, a total gain of roughly 560%.
Laszlo Hanyecz, a programmer and early Bitcoin miner, famously traded 10,000 Bitcoin for two Papa John's pizzas on May 22, 2010, marking the first documented commercial transaction for physical goods with cryptocurrency, a day now celebrated as "Bitcoin Pizza Day". At the time, the Bitcoins were worth only about $41, but the value of those coins would later grow to be worth hundreds of millions, even over a billion dollars, making it one of history's most expensive pizzas.
Despite extreme volatility, Bitcoin's price has skyrocketed 1,060% in the past five years as I write this. This monster gain would've turned a $10,000 initial capital outlay in October 2020 to a whopping $115,700 on Oct. 6.
Bitcoin's price finally broke through the US$1 mark in 2011, and moved as high as US$29.60 that year. However, in 2012 Bitcoin pulled back and remained relatively muted. Bitcoin's price saw its first significant growth in earnest in 2013, the year it broke through both US$100 and US$1,000.
Key Takeaways. The IRS treats cryptocurrency as property, meaning that when you buy, sell or exchange it, this counts as a taxable event and typically results in either a capital gain or loss. When you earn income from cryptocurrency activities, this is taxed as ordinary income.
Investing $100 in Bitcoin alone is not likely to make you wealthy. The price of Bitcoin is highly volatile and can fluctuate significantly in short periods. While it is possible to see significant returns in a short time, it is also possible to lose a substantial amount just as quickly.
If you had invested $500 in Bitcoin (BTC 0.49%) five years ago, you'd have about $5,238 today. In other words, you would have more than 10x returns. Image source: Getty Images.
2010 – November 2011: Bitcoin's first bull/bear cycle
Gox, the first major bitcoin exchange, in July 2010. From that point until the exchange was hacked in June 2011, bitcoin's price rocketed from $0.06 to a peak of $29.38, a nearly 50,000% rally in less than a year!
If you invested $1,000 in Bitcoin in 2010, depending on the exact date and current prices (early 2026 estimates), your investment would have grown astronomically, potentially reaching hundreds of millions or even billions of dollars, showcasing Bitcoin's immense growth from fractions of a cent to a major asset, though with significant volatility and risk.
Yes, someone really did pay 10,000 Bitcoin for two pizzas in a historic transaction on May 22, 2010, by programmer Laszlo Hanyecz, marking the first real-world purchase with cryptocurrency and becoming famous as Bitcoin Pizza Day. At the time, those 10,000 BTC were worth about $41, but now (in recent years, as Bitcoin's price has soared) they'd be worth over a billion dollars, demonstrating Bitcoin's massive growth in value.
Later, Jeremy ordered the two pizzas from Papa Johns, which were then delivered to Laszlo. “How lucky they must have been to find all that money in their hands!”. Actually, Papa Johns didn't receive any Bitcoin. For a straightforward reason: Papa Johns didn't accept Bitcoin in 2010.
The first notable retail transaction involving physical goods was paid on May 22, 2010, by exchanging 10,000 mined BTC for two pizzas delivered from a Papa John's in Jacksonville, Florida.
But does Laszlo Hanyecz still hold Bitcoins today? There has been no record of him holding any bitcoins of great worth publicly. Laszlo Hanyecz's net worth is not publicly known. Laszlo Hanyecz today lives in seclusion.