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As of March 2025, 1 wrapped bitcoin equals $87,784.15.
But what is Wrapped Bitcoin (WBTC)?
Keep the following in mind as you consider thiscrypto investment.
On that day, the price of one bitcoin sat around $3,460.
That means that $1,000 would have bought you 0.289 wrapped bitcoin.
Today, that amount of bitcoin wrapped or otherwise is worth about $25,270.
Put another way, wrapped bitcoin has risen 2,537% since late January 2019.
The S&P 500, for context, has risen around 120% in the same time period.
What Is Wrapped Bitcoin?
Wrapped bitcoin is pegged to the value of bitcoin, but they use different underlying technology platforms.
Bitcoin uses its own blockchain technology to log transaction history.
Wrapped bitcoin is actually a token on the Ethereum decentralized finance (DeFi) web link.
Technically, WBTC is a stablecoin, meaning its a cryptocurrency backed by another currency.
How Do I Buy WBTC?
Investors can buy wrapped bitcoin through decentralized exchanges like Coinbase or Binance.
Some crypto exchanges even let you buy cryptocurrencies with a credit card for a fee, of course.
They make for a fun speculative investment with the play money portion of your portfolio.
However, their volatility makes them too unreliable for long-term financial needs, such as retirement.
Caitlyn Moorheadcontributed to the reporting for this article.
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