$1,000 in Bitcoin at Ross Ulbricht’s Arrest: What Would It Be Worth on His Release?
Donald Trump took over as the President of the United States which brought about increased changes in the cryptocurrency community. While some are expecting better reforms and a strategic Bitcoin reserve, Trump went on to free Silk Road’s founder Ross Ulbricht. On January 21, Ulbricht, who operated a covert online marketplace received a life sentence, was pardoned by the President. Amidst this, investors were wondering what an investment of $1,000 during his arrest would turn into today.
Bitcoin’s Price Growth Over The Years
At the time of writing, the world’s largest cryptocurrency was trading at $104,997.23. This came after a 0.88% rise over the past 24 hours. It should be noted that BTC surged to an all-time high of $109,114.88 just two days ago.
Ross Ulbricht was arrested back in October of 2013. During this time, Bitcoin was trading at about $129 to $130. This was the early days of Bitcoin when the asset barely had its current popularity. In contrast, the king coin was considered a scam and a medium to carry out illicit activities.
Potential Returns
An investment of $1,000 back in 2013 when the asset was trading at approximately $130 would rake in 7.69 BTC. This certainly seems like a lot at the king coin’s current price. With Bitcoin currently trading at $105,365.73, a $1,000 investment would be worth about $813,634.98, if this was made during Ross Ulbricht’s arrest when its price was between $129 and $130.
JUST IN: Silk Road Founder Ross Ulbricht seen out of prison following pardon from President Trump. pic.twitter.com/90zsIL4Ve2
— Watcher.Guru (@WatcherGuru) January 22, 2025Ulbricht is now a free man after several years of his time in prison. He was arrested in 2013 and sentenced in 2015. Along with Ulbricht, the entire cryptocurrency community rejoiced in his release.
Speaking about the same, Trump said in a post on his social media platform Truth Social,
