Post
Topic
Board Bitcoin Discussion
Re: Bitcoin the hedge against inflation
by
pooya87
on 03/10/2021, 02:52:48 UTC
I have to do some little google search ~ the data is not correct I hope to see it edited and updated with the right data.
I don't know what you searched and where you looked but the numbers I posted are correct. I rounded some numbers for convenience and used the average instead of highest/lowest but that doesn't make any difference in what I was saying about the long term rise. Lets take a look.

Here is what you should have looked which is the chart showing the price change over the years: https://bitcoinwisdom.io/markets/bitstamp/btcusd
Past 2 years (from 2019):
Lowest price: $3,322
Highest price: $64,895
Increase percentage: 1,853.49%

Past 5 years (from 2016):
Lowest price: $310
Highest price: $64,895
Increase percentage: 20,833.87%

Past 10 years (from 2011):
Lowest price: $2.1
Highest price: $64,895
Increase percentage: 3,090,138.09% (that's 3 million percent!)