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By Admin
Jan. 25, 2023
Like a stock, you can buy and hold Bitcoin as an investment. People invest in Bitcoin for various reasons. Some buy and hold long-term, while others buy and sell after the price increases. Like any other investment decision, your goal should be to ensure you get returns on your investment. For example, if you bought KES 1,000/= worth of Bitcoin in 2010, here's an estimate of how much your KES 1,000/= would be worth on the first day of the best month of every year up to 2021.
| Year | Price $ | Worth (KES) |
| 2010 | 0.23 | 1000/= |
| 2011 | 15.40 | 66,990/= |
| 2012 | 12.56 | 54,636/= |
| 2013 | 946.92 | 4,119,102/= |
| 2014 | 853.02 | 3,710,637/= |
| 2015 | 362.73 | 1,577,875/= |
| 2016 | 753.26 | 3,276,681/= |
| 2017 | 10,859.56 | 47,239,086/= |
| 2018 | 13,412.44 | 58,344,114/= |
| 2019 | 10,599.33 | 46,107,085/= |
| 2020 | 18,795.20 | 81,759.120/= |
| 2021 | 60,955.77 | 265,157,599/= |
Therefore, if you bought KES 1,000/= worth of Bitcoin in 2010, today, it would be worth approximately KES 265 million. Due to its changing price, Bitcoin also makes a good investment opportunity for people who buy and sell when the price increases.
So, should you invest? Up to you!
