As a researcher who has lived through the evolution of both Apple’s iPhone and Bitcoin, it’s fascinating to observe how these two groundbreaking innovations have mirrored each other’s trajectories over the years. While the cost of each new iPhone model in dollars has steadily increased, the same cannot be said for their price in BTC.
As a researcher, I’m eagerly anticipating the launch of Apple’s latest innovation, the iPhone 16. With rumors swirling about its advanced features and upgrades, I can’t help but wonder what this might mean for potential costs if purchased with Bitcoin (BTC). Amidst all the excitement in the tech community, there’s a growing curiosity about the price tag of this new model, along with previous versions, when transacted using Bitcoin.
The Cost Of iPhones In Bitcoin
Over time, Apple has launched over a dozen different iPhone models, all priced at a higher level than their predecessors and boasting new improvements. Since Bitcoin’s launch in 2009, the value of each iPhone, expressed in Bitcoin, has experienced an astonishing increase.
Previously, several hundred Bitcoins were needed to buy a single item, but now only a tiny fraction is required due to Bitcoin’s rising value. Meanwhile, the cost of iPhones has escalated with each new model release. As a response, CoinGecko shared on their (previously known as) Twitter account on September 9 an informative chart detailing the Bitcoin price for every iPhone version from the earliest to the most recent.
Today, the iPhone 4s stands as the most ancient version of Apple’s iconic smartphone, debuting in 2011 when Bitcoin was merely emerging and worth only a small amount of money. Back then, exchanging Bitcoins to buy this outdated model would have required an astounding 162 BTC, which is equivalent to approximately $9.17 million according to today’s exchange rates.
2012 marked the debut of the iPhone 5, coinciding with the gradual increase in Bitcoin’s value. Purchasing the iPhone 5 that year would have required a substantial amount of 53 Bitcoins. The iPhone 6 and its variant, the 6s, were launched in 2014 and 2015, respectively, priced at approximately 1.7 BTC and 2.8 BTC. During this period, Bitcoin’s price saw a substantial rise but also experienced some minor price swings.
In the years 2016 and 2017, the iPhone 7 and iPhone 8 were introduced to the market. At that time, a single iPhone 7 cost approximately 1.1 Bitcoins, while an iPhone 8 was valued at around 0.19 Bitcoins.
In 2017, both the iPhone X and the iPhone 8 were launched simultaneously, with the iPhone X costing approximately 0.14 Bitcoins. The price of Bitcoin saw a significant surge in 2017, but by the following year it had settled down considerably. Around September 2018, the successor to the iPhone X, the iPhone XS, hit the market at a price of 0.15 Bitcoins.
In 2019, the updated iPhone 11 was launched, featuring a better camera and various upgrades. It could be purchased using about 0.068 Bitcoins. The following year, in 2020, the iPhone 12 made its appearance, coinciding with Bitcoin’s increased integration into mainstream finance. At that time, an iPhone 12 was valued at around 0.051 Bitcoins.
2021 witnessed Bitcoin’s price soaring to unprecedented levels, while simultaneously, Apple announced the iPhone 13 with a historically low price of 0.018 BTC. The subsequent year brought about the introduction of the iPhone 14 at a price point of 0.042 BTC, and in 2023, the release of the iPhone 15 was priced at 0.031 BTC.
Ultimately, the long-awaited iPhone 16 was unveiled in 2024 and can now be purchased for 0.014 Bitcoins, which is equivalent to around $792.
BTC’s Growth Outpaces iPhone Prices
According to CoinGecko’s data, it appears that the price of each iPhone when bought with Bitcoin has noticeably dropped over the years. This decrease in Bitcoins needed to purchase the most recent iPhone models suggests Bitcoin’s progression towards being recognized as a valuable asset within the financial system.
As Bitcoin’s value steadily rises due to its growing popularity and higher market demand, you can expect the price of new iPhones to also increase when expressed in US dollars. Although the iPhone is still synonymous with advanced technology, Bitcoin has transformed into a groundbreaking technology and digital payment system within the financial industry.
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2024-09-11 17:12