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How much you'd have made if you bought £100 of Bitcoin in 2010 as currency reaches record high

How much you'd have made if you bought £100 of Bitcoin in 2010 as currency reaches record high

You could be reading this from a superyacht if you'd had taken a chance on Bitcoin back then

You might have many regrets in life, but not taking a chance on Bitcoin all those years ago could be the biggest one.

Although plowing a significant amount of cash into digital currencies is a huge risk, like any investment, it can pay off big time when its price is on the up.

The value of the likes of Bitcoin, Doge, Ethereum and Tether varies constantly - some cryptocurrencies will soar in value, or could completely tank, so your always taking a gamble.

Some people can sniff out a good thing a mile away though, such as Davinci Jeremie. Take a look at this:

Way back in May 2013, the bloke from Chile shared a video on YouTube encouraging his subscribers to buy one dollar worth of Bitcoin, saying they could potentially become millionaires for the 'price of a lotto ticket'.

He added: "If I'm right I want all of you to thank me, it will not make me happy if you come back to me in 10 years saying, 'Dude, I wish I listened to you back 2011 or 2013'."

If your wondering what Davinci is doing nowadays, he's living the high life and holidays in places like Monte Carlo and Dubai while smugly donning a t-shirt emblazoned with the slogan: "I told you so."

If one look at the investor's Instagram doesn't leave you kicking yourself for not braving the Bitcoin world, the fact that its price has shot to a record high certainly will.

The worth of the popular cryptocurrency has now soared by more than $30,000 (£23,385) since the start of the year, thanks to a boost from institutional investors.

Davinci Jeremie was a crypto pioneer.

On Monday (11 March) morning, Bitcoin was trading at a whopping $71,588 (£55,804) - just one week after it hit a new record high of $69,000 (£53,787).

It comes as the London Stock Exchange said it would start accepting applications for bitcoin exchange-traded notes (ETNs) from next month, which are debt securities which provide exposure to an underlying asset.

The Financial Conduct Authority also announced it would 'not object' to investment exchanges creating a market segment based in the United Kingdom for crypto asset-backed exchange traded notes [cETNs] - in other words, a financial product that can be traded like like stocks and shares.

But the FCA said it wouldn't allow this for the public or retail investors due to risks, leaving the market somewhat limited.

In a statement, the FCA said: "The FCA continues to remind people that crypto-assets are high risk and largely unregulated. Those who invest should be prepared to lose all their money."

Bitcoin has hit new record highs.
Chesnot/Getty Images

But this Bitcoin boost surely gets you thinking... how much could you have earned if you had taken the advice of people like Davinci and dumped some money into the cryptocurrency?

Well, if you'd have put £100 on the line back in 2010 when pricing data first started becoming available, you'd be sitting on more than a small fortune - to the tune of millions or billions.

First off, £100 would have got you an estimated 100,000 Bitcoins in 2009.

As the value has now hit £55,804, this means you would now have a tidy £5,580,400,000 - and just imagine what fun you could be having with that.

£5 billion isn't a bad reward for holding onto the cryptocurrency through all the price fluctuations for 15 years, is it?

I sure wish I could turn back the clock!

Featured Image Credit: Chesnot/Getty Images/Getty stock image

Topics: Money, Cryptocurrency, Bitcoin