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It was 2012, and most people were too busy scrolling through videos on Instagram, Facebook, and YouTube, given the boom of social media platforms around the time.

While the crypto assets had begun to attract media attention, nobody took them very seriously. Launched in 2009, Bitcoin — the world’s first decentralized cryptocurrency — underwent its first halving on Nov. 28, 2012.

One Bitcoin cost only $12 around that time. What if you had invested $10,000 in Bitcoin around the first halving? Well, the sum would have purchased you approximately 833 Bitcoin then.

If you didn’t sell Bitcoin during the several dips it went through over the years and were HOLDing it until today, do you know how much you would have reaped by today?

Well, Bitcoin’s price was trading at $86,368.54 at press time as per Kraken’s price feeds .

So, 833 Bitcoin would be worth around $71,944,993 today — more than a 7,000 times return over 13 years.

As far as Bitcoin halving is concerned, it is a crucial event that takes place on the network approximately every four years, where the reward for mining a new Bitcoin block is cut in half.

A halving reduces the block reward by 50% after every 210,000 blocks are mined. The first halving in November 2012 halved it from 50 BTC to 25 BTC.

Halving is designed to control the supply of new Bitcoin tokens entering circulation so that the crypto asset always remains in demand and, therefore, valuable.

In late 2012, investing in Bitcoin would have seemed rather speculative to most people. However, the drastic appreciation in the asset’s price highlights the first-mover advantage that early Bitcoin traders got.