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



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In the table, which shows on the left the BTC numbers needed for the change to 1 dollar since 2011, we observe a downward curve indicating that in that year 1 BTC was needed to acquire a dollar, while the current date requires 0.00028 BTC; a fact that can be taken as an indicator of the dollar's loss of value against bitcoinand the importance that the cryptomonde has acquired in recent years.

The numbers show the growth of the bitcoins market. It is worth bearing in mind that despite the current widespread decline O price bitcoin increased by more than 147,635.20 percent in relation to the price at which it was quoted at the beginning (2010).

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

Bitcoin's share of CoinMarketCap started at US $ 0.06 at the end of 2010

A similar situation occurs in the relation between the price of bitcoin and goldSo the precious metal par excellence has been significantly devalued since 2011When the price of an ounce of gold was $ 1800; Meanwhile, the BTC ranged between $ 0.30 and $ 4 over the course of the year, increasing to almost $ 30 in June of that year.

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

Now BTC is worth about $ 3800 todayand the ounce of gold is quoted at about $ 1200. Thus, while in the 8-year period gold lost 33% of its value, bitcoin saw a 13.900% increase in its value.

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

It is so the bitcoin relationship with the dollar and gold point at the exponential revaluation of a criptomoeda with ten years of history, against two assets with a long tradition in the market and that did not have the bitcoin performance in that period.

Featured image by alfexe / stock.adobe.com

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