Bitcoin is up 6.5 billion percent since it was first priced against the dollar

Post an aliased bitcoin user New Liberty Standard Ago 12 year, which is likely to be the first pricing for Bitcoin In US dollars.

New Liberty Standard and on his website of the same name, in describing how he formulated his currency exchange rates in 2009:

“My exchange was calculated within a year 2009 by dividing 1.00 dollars over the average amount of electricity needed to run a computer with a high CPU for a year, 1331.5 kilowatt-hours, multiplied by the average residential cost of electricity in the United States for the previous year, 0.1136 dollars, divided by 12 months, divided by the number of bitcoins a computer generated over the past 30 days.”

Bitcoin price in dollars

Pricing Bitcoin in dollars is noteworthy, as it points to the first sign of demand for the asset, or one methodology for how the exchange dynamic arises. This theoretical price indicates the following:

Someone in the market was willing to part with a dollar for 1.309.03 billion bitcoins, because they valued this amount of currency more than one dollar.

On the contrary, the counterparty at that time, was willing to barter 1.309.03 Bitcoin for a dollar, because they valued it at less than a dollar.

The price of bitcoin was 0.00076392 dollars, which rose on October 6. 2009, according to the scale New Liberty Standard.

And for a moment on that day, the price of one bitcoin was 0.00088454 At the time of writing, the cost of a single initial business transaction is about 880.00.49 dollar. Let's compare:

October 5 2009: 1 Bitcoin = 0.000763.92 dollar

October 5, 2021: 1 Bitcoin = 49.880.00 dollar

49.880.00 – 0.00076392 = 49.879.9992

49.879.9992/ 0.00076392 = 65.294.794.3

65.294.794.3 * 100 = %6.529.479.430

Therefore, the rate of appreciation of the currency price is 6.529.479.430% Since it was first priced in US dollars, Bitcoin is the most highly valued asset in known history.