As of October 2020, $100 in Bitcoin is worth around $15,600 in US dollars. This means that if you were to purchase $100 worth of Bitcoin today, it would be worth over 15 times as much in US dollars in just a few short years. There are many reasons for this dramatic increase in value. First, the total supply of Bitcoin is limited to 21 million, meaning that as demand for the cryptocurrency increases, so does its price.
Secondly, Bitcoin is often seen as a hedge against inflation, as it cannot be created or destroyed like fiat currency. This makes it a popular choice for investors looking to protect their wealth from devaluation. Finally, the increasing adoption of Bitcoin by both individuals and businesses around the world is helping to drive up its price.
So, what does this all mean for you? If you’re thinking about investing in Bitcoin, now is a good time to do so. While there is no guarantee that the price will continue to rise at such an exponential rate, history suggests that it could be a wise investment.