A Single Bitcoin In 2021 Was Enough To Purchase A Tesla Model Y Easily, Here's What Else It Could Have Bought Through The Years

In November 2021, when Bitcoin BTC/USD reached its all-time high of $67,617.02, the most valuable purchase that could have been made with a single BTC was the 2021 Tesla TSLA  Model Y, priced at $62,190.00. 

What Happened: According to research from Coingecko, back in 2014, when 1 BTC was worth $465.00, purchasing a car would have been out of reach.

2017 marked the year when 1 BTC was enough to purchase a new car, specifically the 2017 Honda HR-V, which won accolades in the subcompact SUV category. Fast forward to November 2021, and 1 BTC could have bought the 2021 Tesla Model Y.

In 2015, when Bitcoin hit its highest price of the year at $465.00, 1 BTC would have been enough to buy 3.5 shares of Netflix, one of the top-performing stocks. 

Bitcoin miners had limited options, as 1 BTC would only cover the cost of a single Bitmain Antminer S5, priced at $370.00, due to the more efficient but pricier Antminer S7 costing $2,000.00.

Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF?  Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!

See More: A Stay At The Floating Palace From James Bond's ‘Octopussy

Why It Matters: Coingecko’s report reveals that for those interested in travel, 1 BTC would have covered the expenses of staying in an Airbnb private room for five nights. Moreover, during the notable Bitcoin price highs in 2017 and 2018, investors could have used 1 BTC to acquire at least 300 shares of tech giant Apple, which experienced significant financial success during that time.

On the cryptocurrency exchange front, 1 BTC could have been traded for more than 12 ETH or 1 million Dogecoin DOGE/USD. Alternatively, those seeking luxury could have indulged in a 13-night stay at the three-bedroom penthouse of the Las Vegas Trump International Hotel.

Price Action: At the time of writing, BTC was trading at $26,646.14, up 0.43% in the last 24 hours, according to Benzinga Pro.

Photo by AlyoshinE on Shutterstock

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarketsBitcoinTeslaTesla Model Y
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!