This article is reprinted with permission from W3C DAO, author: Martin, copyright belongs to the original author.
I stayed up late last night to watch the Apple launch event, and I was shocked to find that the 2TB version of the iPhone 17 Pro Max is selling for 17,999 yuan!
Looking back at the price trends of iPhones over the years: the 1TB version of the iPhone 16 Pro Max was 13,999 yuan, and now the 2TB version of the 17 Pro Max has jumped to 17,999 yuan.
Just as I was lamenting that my kidneys couldn't keep up, a sudden thought struck me—what if I calculated it in Bitcoin?
Currently, the price of Bitcoin is around $110,000, and the 2TB version of the iPhone 17 Pro Max is selling for 17,999 yuan, setting a record for the most expensive iPhone ever! But when I calculated it in Bitcoin, I was stunned—it only takes 0.007 BTC to get a 256GB version of the iPhone 17!
Do you remember the iPhone 4s from 2011? Back then, a phone cost a whopping 162.25 Bitcoins! That's right, 162.25! By 2012, the price of the iPhone 5 had dropped to 52.76 BTC, and the iPhone 5s in 2013 was 5.05 BTC. During those years, Bitcoin was still in its early stages, and buying a phone would mean "going bankrupt."
Fast forward to 2017, the iPhone 8 and iPhone X required 0.19 and 0.14 BTC respectively; the iPhone 11 in 2020 was 0.07 BTC; the iPhone 13 in 2021 was 0.018 BTC; and this year, the iPhone 17 only costs 0.007 BTC! This means that the same phone is becoming "cheaper" in the eyes of Bitcoin.
Wow, this makes me have to mention the concept of Bitcoin as "digital gold." Bitcoin is like gold in the internet age, with a total supply capped at 21 million coins, making it scarce.
It is not issued or managed by any government or bank; its value comes from market consensus and recognition by global participants. Although the price is volatile, it is indeed a store of value in the long run.
In the past year, the price of Bitcoin has risen from about $53,000 to $124,000, while the dollar price of Apple phones has remained relatively stable. Therefore, when measured in Bitcoin, the price of the iPhone is naturally getting lower.
Behind this is actually a perfect reflection of Bitcoin's "digital gold" property. The total supply of Bitcoin is fixed (21 million coins), making it scarce. It also has characteristics such as inflation resistance, decentralization, and global circulation. Although Bitcoin's price is highly volatile, more and more people are beginning to see it as a store of value, even as a "gold of the digital age."
Related: The price cycle of Bitcoin (BTC) is "increasingly prolonged," with the latest prediction stating that $124,000 is not the peak.
Original article: “iPhone 17 costs only 0.007 Bitcoin”
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