A very obscure #Bitcoin fact is that the first known Bitcoin-to-fiat exchange rate was set on October 5, 2009, by the user "NewLibertyStandard," who calculated 1 BTC to be worth $0.00076 based on the cost of electricity to mine it. This rate was posted on the BitcoinTalk forum and used for early trades, long before any formal exchanges existed.
In 2015, 1 BTC could buy ~87 m² of real estate in central Budapest.
By 2024, the same 1 BTC only buys ~25 m².
At first glance, it looks like housing "outpaced" Bitcoin. But the truth is the opposite:
- Budapest property rose ~3× in HUF.
- Gold rose ~3× in HUF.
- Bitcoin rose ~400× in HUF.
So while apartments got pricier, #Bitcoin crushed both real estate and gold.
The real question: do you want to chase bricks, or own the future?