Proof of Value – Bitcoin vs. National and Crypto Currencies

The biggest accomplishments to date for Bitcoin include:

Reaching a value of $0.08 in July 2010.

Rising in price from $0.08 to $1 in early 2011 was bitcoins first real achievement

The climb from $1 to $10 was a huge boost towards people’s confidence in the protocol.

But to have people agree that bitcoin is worth $100 from the previous $10 valuation was almost a miracle at the time.

The amount of crypto currencies that can or will do something similar are close to (not quite) zero. This is why we Don’t value crypto on promises, plans or goals.

After the World agreed that bitcoin is worth $100 it doubled again and again up to $1,000 per coin.

During this entire time, Bitcoin continued to be a secure store of value that can be transferred between two parties without the need for third parties. Regardless of how the world valued it against the US dollar, bitcoin secures and transfers value.

The Federal Reserve printed $10 trillion US dollars during this same period, that was added to the US debt of $21 trillion. The global debt is approximately $247 trillion as of 2018.

Bitcoin has stored and transferred value through solving math problems every 10 minutes on the blockchain for nine years, while “crashing” to $3,200 in value in 2018.

Bitcoin is still the most valuable asset of the last decade.