{"id":119912,"date":"2017-08-14T12:49:44","date_gmt":"2017-08-14T10:49:44","guid":{"rendered":"https:\/\/mygaming.co.za\/news\/?p=119912"},"modified":"2017-08-14T12:50:20","modified_gmt":"2017-08-14T10:50:20","slug":"how-much-you-could-have-made-if-you-invested-in-bitcoin","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/119912-how-much-you-could-have-made-if-you-invested-in-bitcoin","title":{"rendered":"How much you could have made if you invested in Bitcoin"},"content":{"rendered":"

The price of Bitcoin has broken through the $4,000 mark, reaching $4,200 on 13 August.<\/p>\n

Local exchange Luno had the rand price of Bitcoin listed as R61,200 at the time of writing, which is a substantial increase since the start of 2017.<\/p>\n

Even with the price of Bitcoin showing strong growth in recent years, however, many South Africans are hesitant to invest in the cryptocurrency.<\/p>\n

There are many reasons for this, chief among which is the lack of regulation and non-involvement of governments and central banks.<\/p>\n

Investment firm Citadel said the difficulty in evaluating Bitcoin as a traditional currency lies in its lack of central authority, domiciled area, or any linked economic fundamentals.<\/p>\n

It said it will not, and cannot, invest in Bitcoin, and likened its rise in price to\u00a0that of BlackBerry<\/strong><\/a>.<\/p>\n

International investors are no different, with Bloomberg stating that even as investors are lured by the price gains of Bitcoin, the biggest institutions\u00a0are reluctant to get involved<\/strong><\/a>\u00a0\u2013 raising concerns about liquidity.<\/p>\n

Huge growth<\/h3>\n

Whether you think Bitcoin is the best thing since touchscreen smartphones or would not touch it with a bargepole, there\u2019s no denying its massive growth in value.<\/p>\n

The table below shows how much you would have grown a R50,000 investment if you had put it in Bitcoin in recent years. Pricing is taken from\u00a0CoinDesk<\/strong><\/a>.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n
Bitcoin Growth<\/strong><\/th>\n<\/tr>\n
Year<\/strong><\/td>\nBitcoin Price on 1 Jan<\/strong><\/td>\nR50,000 Investment on 13 August 2017<\/strong><\/td>\n<\/tr>\n<\/thead>\n
2013<\/td>\n$13.30<\/td>\nR15,789,500<\/strong><\/td>\n<\/tr>\n
2014<\/td>\n$770.44<\/td>\nR272,500<\/strong><\/td>\n<\/tr>\n
2015<\/td>\n$313.92<\/td>\nR669,000<\/strong><\/td>\n<\/tr>\n
2016<\/td>\n$434.46<\/td>\nR483,500<\/strong><\/td>\n<\/tr>\n
2017<\/td>\n$997.69<\/td>\nR210,500<\/strong><\/td>\n<\/tr>\n
The price of Bitcoin was taken as $4,200 on 13\/8\/17.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

\"Bitcoin<\/a><\/p>\n

Now read:\u00a0How I built a mining rig despite graphics card shortages in South Africa<\/a><\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin has broken through the $4,000 mark, reaching $4,200 on 13 August.<\/p>\n","protected":false},"author":226,"featured_media":86960,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[13160,24253],"class_list":["post-119912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bitcoin","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/119912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=119912"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/119912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/86960"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=119912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=119912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=119912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}