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Author Topic: [2018-05-29] Bitcoin Beats Euro As Brewing Italian Crisis Delivers 6% Monthly Lo  (Read 19 times)
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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

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Carlton Banks
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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, 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.

Vires in numeris
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