This is one of the benefits of using a currency that has a fixed supply and more and more use cases every day.
Don’t forget that the only mandatory use case of fiat dollars is that is the only currency accepted by the IRS. Which is why people need to make enough fiat dollars to pay the IRS.
But with a fixed supply, smart contracts, and no centralized government controlling important decisions on the currency, the price of almost every denominated in dollars has gone down versus Bitcoin since 2010.
Here’s the data::
2010:
- Median Home Price: ~$222,000
- Bitcoin Price: ~$0.10–$0.30
- BTC Needed: ~897,435 BTC (based on $0.247 average price, as per X post)
- Note: Bitcoin was in its infancy, with minimal adoption and a niche market.
2011:
- Median Home Price: ~$226,000
- Bitcoin Price: ~$0.30–$5 (closing at ~$5)
- BTC Needed: ~45,200 BTC (using year-end price of $5)
- Bitcoin saw its first significant rally, peaking at $29.60 before crashing.
2012:
- Median Home Price: ~$240,000–$169,552
- Bitcoin Price: ~$4.70–$12.56
- BTC Needed: ~50,616 BTC (using $4.70, yearly low) or ~43,000 BTC
- Bitcoin remained relatively stable, with home prices in BTC reflecting its low valuation.
2013:
- Median Home Price: ~$180,067–$197,100
- Bitcoin Price: ~$13–$732 (year-end at $732)
- BTC Needed: ~19,127 BTC (based on ~$10 average)
- Bitcoin surged past $1,000 briefly, reducing the BTC needed for a home.
2014:
- Median Home Price: ~$191,581–$208,300
- Bitcoin Price: ~$300–$600 (year-end at ~$378.64)
- BTC Needed: ~351–546 BTC
- Bitcoin faced volatility due to Mt. Gox hack and regulatory pressures.
2015:
- Median Home Price: ~$200,376–$225,000
- Bitcoin Price: ~$200–$362.73 (year-end at $362.73)
- BTC Needed: ~520–901 BTC
- Home prices in BTC rose slightly due to Bitcoin’s price dip mid-year.
2016:
- Median Home Price: ~$211,909–$230,000
- Bitcoin Price: ~$400–$900 (year-end at ~$900)
- BTC Needed: ~527–697 BTC
- Bitcoin began a steady climb, reducing BTC needed for homes.
2017:
- Median Home Price: ~$224,164–$337,900
- Bitcoin Price: ~$1,000–$19,892 (year-end at ~$14,000)
- BTC Needed: ~24–323 BTC
- Bitcoin’s bull run to $19,892 drastically lowered the BTC needed.
2018:
- Median Home Price: ~$239,801–$253,000
- Bitcoin Price: ~$3,693–$14,000 (year-end at $3,693)
- BTC Needed: ~18–39 BTC
- Bitcoin’s bear market increased the BTC needed compared to 2017.
2019:
- Median Home Price: ~$273,000
- Bitcoin Price: ~$7,160–$13,880
- BTC Needed: ~28–84 BTC
- Bitcoin rebounded, reducing BTC needed for homes.
2020:
- Median Home Price: ~$295,000
- Bitcoin Price: ~$7,000–$29,000 (year-end at ~$29,000)
- BTC Needed: ~27–46 BTC
- Institutional adoption (e.g., MicroStrategy) boosted Bitcoin’s value.
2021:
- Median Home Price: ~$345,000–$337,900
- Bitcoin Price: ~$29,000–$64,594 (peak in April)
- BTC Needed: ~7–10 BTC
- Bitcoin hit an all-time high, further lowering BTC needed.
2022:
- Median Home Price: ~$392,000–$400,000
- Bitcoin Price: ~$20,000–$30,000
- BTC Needed: ~13–20 BTC
- Bitcoin stabilized in a bear market, slightly increasing BTC needed.
2023:
- Median Home Price: ~$450,000
- Bitcoin Price: ~$30,000–$45,000
- BTC Needed: ~14–17 BTC
- Bitcoin saw steady gains, maintaining a downward trend in BTC needed.
2024:
- Median Home Price: ~$419,200–$434,000
- Bitcoin Price: ~$70,000–$100,000 (peak at $100,000 in November)
- BTC Needed: ~4.8–8 BTC
- Bitcoin’s surge, fueled by ETF approvals and Trump’s pro-crypto policies, reduced BTC needed significantly.
2025:
- Median Home Price: ~$420,000
- Bitcoin Price: ~$113,548–$124,517 (as of August)
- BTC Needed: ~3.8–5 BTC
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