BitcoinMendocino on Nostr: There is so much more to #bitcoin than its exchange rate with the dollar. But for ...
There is so much more to #bitcoin than its exchange rate with the dollar. But for most people this exchange rate is what first catches their attention.
Bitcoin - dollar exchange rate as of December:
2009: $0
2010: <$1
2011: $4
2012: $13
2013: $754
2014: $320
2015: $431
2016: $964
2017: $13,800
2018: $3,740
2019: $7,216
2020: $28,994
2021: $46,388
2022: $16,548
2023: $43,700
2024: $95,500 (as I type)
But once people understand why bitcoin increases in value relative to the dollar, they begin to realize it’s more than just an investment - it’s a completely alternative financial system that fixes the inflation problem of debt-based, government issued currency.
With bitcoin the ability to save in hard money for the future changes people’s financial perspective from anxiety to optimism.
Bitcoin - dollar exchange rate as of December:
2009: $0
2010: <$1
2011: $4
2012: $13
2013: $754
2014: $320
2015: $431
2016: $964
2017: $13,800
2018: $3,740
2019: $7,216
2020: $28,994
2021: $46,388
2022: $16,548
2023: $43,700
2024: $95,500 (as I type)
But once people understand why bitcoin increases in value relative to the dollar, they begin to realize it’s more than just an investment - it’s a completely alternative financial system that fixes the inflation problem of debt-based, government issued currency.
With bitcoin the ability to save in hard money for the future changes people’s financial perspective from anxiety to optimism.