If you invested $1,000 in Bitcoin 10 years ago, you'd have $100,000 now.

For the first time, Bitcoin's price surpassed six figures on Wednesday night.

On Thursday, the value of Bitcoin rose as high as $103,844, but by Friday morning it had dropped to around $99,000, according to CoinMetrics.

According to CNBC calculations, the value of a $1,000 investment in bitcoin made one, five, or 10 years ago can be determined using the digital currency's Dec. 5 midmorning price of $101,564.

If you invested one year ago

• Percentage change: 130%
• Total as of Dec. 5: $2,305

If you invested five years ago

• Percentage change: 1,272%
• Total as of Dec. 5: $13,717

If you invested 10 years ago

• Percentage change: 26,738%
• Total as of Dec. 5: $268,384

The S&P 500 index is commonly used as a benchmark to gauge the performance of the overall stock market.

• Percentage change since one year ago: 33%
• Percentage change since five years ago: 95%
• Percentage change since 10 years ago: 193%

What prompted bitcoin to hit its new all-time high

Some of Wall Street's key institutions' embrace of bitcoin may be one potential reason behind the surge.

In January, several large investment firms, including Invesco, BlackRock, and Fidelity Investments, launched the first spot bitcoin exchange-traded funds (ETFs). As ETFs track the price of an underlying asset or index, bitcoin ETFs allow investors to invest in and potentially benefit from price movements without owning the cryptocurrency directly.

As the number of investors increases with the availability of bitcoin ETFs, so does the demand and price of bitcoin, according to Douglas Boneparth, president of Bone Fide Wealth and a member of CNBC's Financial Advisor Council, who shared his insights on CNBC Make It on January 5.

Bitcoin's value has been volatile in recent years, with a high of $69,000 in November 2021 and a 75% drop in value following the collapse of FTX, the largest crypto exchange, in November 2022.

Despite its initial decline, the cryptocurrency has since made a steady recovery and is currently up around 125% year over year, according to CoinMetrics.

Cryptocurrency remains highly volatile

Bitcoin is a cryptocurrency, but not all crypto is bitcoin. Experts caution against predicting the behavior of other cryptocurrencies or meme coins based on bitcoin's price movements.

Cryptocurrencies are speculative assets that can experience sudden increases and decreases in value. Unlike stocks, which represent ownership in a company, cryptocurrencies lack a supporting asset. As a result, experts advise against investing more than you're willing to lose.

If you want to try your luck with crypto investing, consider purchasing a bitcoin ETF through your brokerage account, advised James Royal, Bankrate's principal investing and wealth management analyst, in May.

"Institutional investors are interested in the crypto coin, which has lower annual fees than buying it outright. Additionally, the fees are reasonable and demand may remain stable," he stated.

If you feel you must have crypto in your portfolio, make it a small portion of your investments, advised Brian Vendig, president of MJP Wealth Advisors in Westport, Connecticut, in January.

Vendig advised that if you're a growth-focused investor, no more than 5% of your total portfolio should be invested, and on the more conservative side, it should be 1%.

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