Featured Image Credit: Getty Stock Images
Topics: Bitcoin, Money, World News
Anish Vij
As I'm sure you're all aware, just like Amazon and Apple stocks, Bitcoin would have made you a very wealthy individual if you invested 10 years ago.
And if you plugged just £100 into Bitcoin back in 2015, you would have got the maddest return on investment.
But for those who still don't really know what it is, the digital currency basically operates on a network that's not managed by a single person or organisation.
It's considered to be pretty legit, as transactions are verified and recorded on a public ledger called the blockchain, maintained by a global network of computers.
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The currency itself is created through a process called mining, where computers solve complex math problems.
Bitcoin, in particular, has become very popular in recent years, because it's not tied to any government or bank.
One major benefit is that users all around the world can use Bitcoin to send money with low fees.
Similar to stocks and shares, the value of Bitcoin changes based on supply, demand, and market interest.
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The price of 1 Bitcoin (BTC) 10 years ago today on 14 July 2015 closed at $287.46. Using the exchange rate at the time, which was roughly 1 GBP = 1.55 USD, £100 would buy you 0.539 BTC.
As of July 14, 2025, Bitcoin (BTC) is trading at approximately $121,711, and if you held onto the 0.53 BTC purchased in July 2015, its current value would be around £49,000.
Donald Trump's 'Liberation Day' announcement in April, where he unveiled a new set of global tariffs, sparked a bit of momentum in the crypto market.
Although the stock market declined, Bitcoin bypassed the trend on its way to reaching record highs.
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Fuelling this surge was an executive order from President Trump to create a strategic Bitcoin reserve in the United States, which he called 'a virtual Fort Knox for digital gold'.
"It's riding a number of tailwinds at the moment," IG market analyst Tony Sycamore told Reuters.
"It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now. It looks like it can easily have a look at the $125,000 level."
Today marked another record high for the price of Bitcoin at $123,000.
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It comes after Washington declared at the start of the month that the week of July 14 would be dubbed 'crypto week'.
Members of Congress are set to vote on the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.
The Genius Act, for crypto such as Bitcoin, means stronger legal recognition and laws, higher investor confidence, and a step towards it being broadly accepted in the financial system.