$450,000
+5.2% from previous year
$65,000
+120% from previous year
6.92 BTC
-52% from previous year
When Bitcoin was first created, it had no formal exchange value. Had you bought just $100 worth of Bitcoin in 2010 when prices were first recorded, that would be worth millions today - enough to buy multiple luxury homes.
During these early years, Bitcoin went from being virtually worthless to several hundred dollars. The number of Bitcoins needed to buy a home decreased from millions to thousands - a dramatic increase in purchasing power.
As Bitcoin gained mainstream recognition, its value increased substantially. By 2017, the amount of Bitcoin needed to purchase an average US home had decreased to double-digits - showing Bitcoin's potential as a serious store of value.
Major companies and institutional investors began adding Bitcoin to their balance sheets. Despite market volatility, the long-term trend continued - fewer Bitcoins were needed to purchase real estate as Bitcoin continued to outpace housing inflation.
Bitcoin has matured as an asset class. While housing prices continued to climb in fiat terms, Bitcoin's purchasing power for real estate has continued to strengthen, requiring significantly fewer coins to purchase the same property compared to previous years.