With an INSANE performance, Bitcoin is the BEST financial asset EVER. From the first price it has recorded an increase of 8'700'000'000%

The new KING of finance?

Bitcoin continues to set new RECORDS in the financial sector. It has now been 15 years since that day, October 5, 2009, when for the first time ever a market attributed a price to BTC.

New Liberty Standard was the first platform to offer a market for Bitcoin. The value was attributed at the time in relation to the cost of electricity needed to carry out the mining process. In fact, on that date, the only market in the world quoted the price of a single BTC at $0.0007639. At the exchange rate, a single Dollar allowed the purchase of 1309.03 BTC.

After a good 15 years from that date, the price of the KING of cryptocurrencies has recorded a performance that has silenced any global financial asset in history. This is an impressive figure: Bitcoin has recorded a price increase of 8,700,000,000%.

✨ 15 years ago today, the #Bitcoin price was born

$1 bought 1,300 $BTC

Bitcoin is up 8.7 BILLION % ever since pic.twitter.com/KfG6UBEmah

— The Bitcoin Historian (@pete_rizzo_) October 5, 2024

The Debt System and the Devaluation of the Dollar

Fiat currencies are structured to erode purchasing power annually, through the classic mechanism that we all know as “inflation“.

Since August 1971, when former US President Richard Nixon removed the gold standard and introduced the debt-based monetary system, cumulative inflation has eroded purchasing power by 677%.

This has led to a huge change in the purchasing power of the Dollar. A product that could be purchased with $1 in 1971, today is purchased at a price equal to $7.7, over seven times as much.

1 Dollar 2009 vs 1 Dollar in Bitcoin 2009

Using the same calculator, we can see that since 2009, inflation has eroded purchasing power by 46.7%.

This means that holding 1 Dollar since 2009 would currently guarantee a value equal to $0.63. Trying to absurdly make the ratio with $1 invested in BTC on that date, at the current value of $62 thousand, 1 Dollar invested in Bitcoin, today would have the CRAZY value of $81,159,860.

This performance, which will probably never be seen again by the markets in history, categorizes Bitcoin as the KING of returns within the finance sector.