For example, if the current price of Bitcoin is USD $10,000 and you’re planning to buy USD $1,000 worth of Bitcoin, you’d get 0.10 BTC for your USD $1,000 . If the price of a Bitcoin goes up 50% to USD $30,000 each, then your BTC has also increased by 50%, thereby valuing your 0.05 BTC at a great USD $1,500.
Read moreHow much money would I have made on Bitcoin?
If you invested in bitcoin last July, it would have grown 252% over the past 12 months. A $1,000 bitcoin purchase on July 26, 2020 — at a price of $10,990.87 per coin — would be worth $3,525.65 at Monday morning’s price of $38,750 , according to CNBC calculations.
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