| pricehowmuchisa's Forum Info |
| Joined: |
11-24-2023 |
| Last Visit: |
11-24-2023, 10:14 AM |
| Total Posts: |
0 (0 posts per day | 0 percent of total posts) |
| Total Threads: |
0 (0 threads per day | 0 percent of total threads) |
| Time Spent Online: |
5 Minutes, 40 Seconds |
| Members Referred: |
0 |
| Reputation: |
0
[Details] |
|
|
| Additional Info About pricehowmuchisa |
| Sex: |
Undisclosed |
| Bio: |
The Monday evening price is a far cry from the record $67,802 that it traded last November between Sunday evening and Monday alone, the price of bitcoin has dropped 10 percent, according to the outlet. In October 2021, the price of bitcoin reached $66,878 for a single bitcoin. The surge in price reflected the first time a bitcoin-linked ETF became available for trade on a stock exchange. However, since then bitcoin's price has plunged dramatically by more than 50% to roughly $30,000 for one bitcoin, as of May 2022. This demonstrates the volatility that exists within the cryptocurrency market. *It can be an inflation hedge. History has shown numerous examples of centrally administered fiat currencies losing their value resulting in the loss of purchasing power, which is why BTC's creators capped its supply. Inflation has not been an issue in developed countries until only relatively recently, as of 2022. More time will be needed to see if inflation lingers and whether BTC's role as an inflation hedge is as viable as originally envisioned. |
|
