If you invested

When Bitcoin was launched in 2009, few people would have expected that its prices would go up to the current astronomical heights and it would become a global finance sensation.
This brings forth the question of how much one would have made if one had invested, for instance, a sum of ₹10,000 in 2010, a year after its launch.
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At the beginning of 2010, Bitcoin’s value in US dollars was $0.05 per coin (As per CoinCodex data). This means it would have cost ₹2.29 per coin taking into account the fact that one dollar was equal to ₹45.73 in 2010 (As per Bankbazaar data).
This means that in 2010, ₹10,000 would have gotten you 4,366.81 Bitcoins.
The spot value of Bitcoin in US dollars as of November 25, 2024, is $97,821.88 (As per Bloomberg data). It is expected to cross the $100,000 mark anytime soon and global investment firm Bernstein also expects it to touch $200,000 by 2025, $500,000 by 2029, and $1 million by 2033.
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This means that the 4,366.81 Bitcoins would now be worth $427,169,563.8028 ($427.17 million).
With the current exchange rate of ₹84.45 for $1 (As per Bloomberg data), the ₹10,000 investment would now be worth ₹3607,44,69,663.15 or ₹3,607.44 crore.
This is a whopping 36,07,445.97% (36.07 lakh per cent) return on your investment over 14 years.
Indian regulations surrounding cryptocurrency have been vague. Though the Reserve Bank of India (RBI) has called for a complete ban on cryptocurrency, the finance ministry at the moment has only imposed a 30% tax on profits made out of crypto trade without any provisions for offsetting losses and with a 1% tax deducted at source (TDS) as well after a certain amount.
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