On Nov. 18, the price of Bitcoin briefly touched $18,000 — a level that hadn’t been seen in nearly three years. Over the last 30 days against the U.S. dollar, the leading cryptocurrency is up a whopping 54%.
In 2017, Bitcoin touched an all-time high of $19,600 on Bitstamp, but because of the three years of Bitcoin issuance from miners, BTC’s market cap is actually higher today than it was back then.
Crypto is witnessing a watershed moment. For the first time, it is being considered an enduring, fundamentally new asset class by the mainstream, with Bitcoin leading the way.
Data shows that at the current price levels, any person with over 55 BTC has crossed the millionaire zone. Statistics show that there are 664,900 unique addresses with anywhere between 1-10 BTC and 2.3 million unique addresses with 0.1 to 1 BTC each.
As Bitcoin continues to grow in value, the crypto asset’s inflation rate continues to drop lower. As of Nov. 18, Bitcoin’s inflation rate is just a shade above that at 2.71%.
By comparison, most central banks worldwide claim the financial institutions keep the inflation rate target around 2%.
Founded in 2015, Coinchapter.com has become one of the leading resources for the crypto asset community. Created by a small group of cryptocurrency enthusiasts, Coinchapter.com was built to provide new members of the crypto asset community with unbiased listings of cryptocurrency exchanges and retail options that would allow them to buy the crypto assets that they wanted, how they wanted and at the price they wanted.