Start with Bitcoin

What is a bitcoin worth?

Just like all assets, Bitcoin is worth whatever the market decides it’s worth.

Like any other asset, bitcoin’s value continually fluctuates in the worldwide market of people buying and selling bitcoin. When it was invented in 2009, a bitcoin was worth nothing. At the time of this writing, one is worth about $9,000.

How valuable can a bitcoin become? Nobody knows. But here are some estimates.

  • A lot of people hold gold as a “safe haven” asset. If 1/3 of the $8 trillion market for gold flowed into Bitcoin, a single bitcoin would be worth $125,000.
  • A pricing model called “Stock-to-flow” that’s used to value commodities like gold and diamonds predicts a future bitcoin value of more than $1 million.
  • Former PayPal director Wences Casares gives bitcoin a 50% chance of being worth $1 million within a decade. Since it’s still only a decade old—compared to say, 5,000 years for gold—he also gives it a 20% chance of failing, and being worth $zero.

With that in mind, should you own some bitcoin? →

  1. 1
    What is Bitcoin?
    Bitcoin is the internet’s native form of money.
  2. 2
    How does Bitcoin work?
    This is where things get a little tricky, but it’s actually simpler than it seems at first.
  3. 3
    What’s special about Bitcoin?
    Bitcoin has a number of characteristics that make it unique!
  4. 4
    What is a bitcoin worth?
    Just like all assets, Bitcoin is worth whatever the market decides it’s worth.
  5. 5
    Should I own some bitcoin?
    That’s up to you, but here is how some of the world’s most successful people answer that question.
  6. 6
    How do I get some bitcoin?
    You can buy bitcoin with a bank transfer, debit or credit card.
  7. 7
    What can I do with my bitcoin?
    An overview of holding, spending and earning money with your bitcoin.
  8. 8
    Frequently Asked Questions
    Now that you know the basics, let’s answer some of the most frequently asked questions.