Re: Would Bitcoin recover even if it fell to one dollar?
The first time when the price of Bitcoin was BTC1=$0.01 Bitcoin was equal to the dollar in 2010 and in April 2011 the price of Bitcoin was BTC1=$1.
1 bitcoin is always 1 bitcoin. You can use 1 bitcoin to exchange with others if people accept it.Quote
Since the price of Bitcoin has changed every year since that point, it is never possible to go back there, rather we assume that the value of Bitcoin will continue to increase.
Two articles with insights about purchasing power of Bitcoin and the US. dollar together with the Controlled supply and Inflation vs Time of Bitcoin are very helpful to gain more belief in Bitcoin and tighten our investment portfolio mainly in Bitcoin.Bitcoin purchasing power preserver
Purchasing power of the US. dollar over time
