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Title: [2018-05-29] Bitcoin Beats Euro As Brewing Italian Crisis Delivers 6% Monthly Lo Post by: BitcoinArsenal on May 29, 2018, 07:06:21 PM Data uploaded to social media by eToro analyst Mati Greenspan shows that despite its downturn in May, Bitcoin is still 7% higher than it was April 1, while the euro has dropped 6%. Full article on Bitcoinist (http://bitcoinist.com/bitcoin-beats-euro-italian-crisis/)
Title: Re: [2018-05-29] Bitcoin Beats Euro As Brewing Italian Crisis Delivers 6% Monthly Lo Post by: Carlton Banks on May 29, 2018, 07:35:26 PM Never mind that, the Euro (and every other fiat currency, and gold/silver/platinum etc) have lost an infinite % of value against Bitcoin since the genesis block, which was valued at a big fat zero until the year 2010.
Even if we start the comparison from when 1 BTC = 0.005 pizzas (the legendary 5000 BTC/pizza deal, made here on Bitcointalk.org), Bitcoin has still risen many thousands of percentage points in value against fiat currencies (currently BTC is around 150,000% up against the USD, if measured from the pizza deal) The Euro started around 9 years before Bitcoin, and it's still worth a little more than 1$. Maybe it'll get a boost from the talked-about settling of oil deals with the Shanghai Cooperation Agreement countries in Euros, but it's hard to see how it can possibly compete with Bitcoin's growth in value. |