Bitcoin has revalued more than the dollar and gold since its inception | CryptoNews

In the table on the left that shows the BTC numbers needed to move to 1 dollar since 2011, a downward curve is observed, indicating that for this year 1 BTC was needed to acquire a dollar., while the current date requires 0.00028 BTC; fact that can be considered as an indicator of the dollar's loss of value compared to Bitcoin, and the importance that cryptocurrency has acquired in recent years.

The figures show the growth of the bitcoin market. It should be noted that despite the current widespread decline the bitcoin price increased by more than 147,635.20% compared to the price at which it was quoted at the beginning (2010).

For example, it should be noted that at the time of writing this note 1 BTC equals $ 3,820When it was about a month ago, it was about $ 6,000 and even around the beginning of January 2018, when it was $ 15,000. But only when evaluating the current price of cryptoactive compared to its quotation in 2010 (about $ 0.07) shows that growth has been important.

Bitcoin quotation in CoinMarketCap started at $ 0.06 at the end of 2010.

A similar situation occurs in the relationship between the price of bitcoin and goldso the precious metal par excellence is considerably devalued since 2011, when the price of an ounce of gold was $ 1800; Meanwhile, the value of BTC ranged from $ 0.30 to $ 4 throughout the year, rising to nearly $ 30 in June of the same year.

For June 8, 2011, the bitcoin price was $ 29.60

Now BTC is worth about $ 3800 today, and the ounce of gold is quoted at about 1200 dollars. In this way, while in 8 years, gold has lost 33% of its value, Bitcoin saw its value increase by 13.900%.

Since 2011, the price of gold has been devalued by 33% Source: goldprice.org

Here's how the bitcoin ratio with the dollar and the gold point towards exponential reevaluation from a cryptocurrency with ten years of history, against two assets that have a long tradition on the market and have not had the performance of bitcoin during this period.

The image selected by alfexe / stock.adobe.com