The price of Bitcoin has surged over the years, sharply increasing its purchasing power. As a result, the value of goods priced in Bitcoin has dropped dramatically. A clear example is the iPhone.
In 2011, an iPhone 4 cost 162 BTC. Today, the situation looks very different. A new iPhone can be bought for only a fraction of a single Bitcoin. But how many XRP would it take to buy one?
Bitcoin’s early years saw its price hovering in the single digits. As the cryptocurrency gained adoption and surged in value, the cost of major items like an iPhone fell in BTC terms.
The iPhone’s price in Bitcoin has dropped by nearly 20,000 times due to Bitcoin’s appreciation. Today, if one iPhone is valued at $1,000 and Bitcoin trades at $111,952, the cost would be 0.0089 BTC. For the newly announced iPhone 17, the price would be around 0.0072 BTC or 0.1866 ETH.
XRP’s purchasing power is far lower than Bitcoin’s. At its current price of $2.95, it would take around 338 XRP to buy a $1,000 iPhone.
While XRP does not yet match Bitcoin’s strength, analysts maintain a bullish outlook. They expect moderate gains in the token’s price, though not the dramatic surges seen in Bitcoin’s history.
XRP is the third-largest cryptocurrency with a market cap of $176.67 billion. Ethereum ranks second with $522.22 billion. Bitcoin leads the market with $2.23 trillion. The wide gap shows just how dominant Bitcoin remains, even as other tokens like XRP continue to grow.
Analyst Benjamin Cowen has a blunt explanation for the brutal altcoin crash shaking the market:…
Bitmine Immersion Technologies shareholders have now accumulated approximately $8.8 billion in paper losses on Ethereum,…
XRP is once again making headlines. After briefly rallying to $1.46 over the weekend, the…
The Ethereum price has bounced back above $1,900 after a sharp drop, but the bigger…
Michael Saylor’s company "Strategy" continues its aggressive Bitcoin acquisition, adding 592 BTC for around 39.8…
While major cryptocurrencies struggle under renewed selling pressure, Toncoin is showing relative strength. The token…
