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iPhone 16 Launch: Here’s How Much Bitcoin It Cost To Buy An iPhone Over The Years

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The highly anticipated launch of Apple’s iPhone 16 is finally here, hopefully bringing more advanced features and upgrades than the previous iPhone variants. Whilst the tech community is excited about this debut, questions arise about how much this new iPhone as well as other previous versions would cost if it were bought with Bitcoin (BTC).  

The Cost Of iPhones In Bitcoin

Over the years, Apple has introduced more than a dozen new iPhone versions, each commanding a premium price and featuring new upgrades. With Bitcoin’s steady and robust rise since its inception in 2009, the prices of each iPhone in BTC have skyrocketed drastically. 

What once took hundreds of BTC to purchase now requires a just fraction, with the cost of each iPhone surging even higher with the release of new models. In lieu of this, CoinGecko has taken to X (formerly Twitter) post on September 9 to provide a detailed outline of the price of each iPhone in Bitcoin, starting from the earliest version to the latest. 

The iPhone 4s is currently the oldest iPhone model, launched in 2011 when Bitcoin was still in its early stages and worth just a few dollars. At the time, purchasing this archaic model with Bitcoin would have cost a whopping 162 BTC, valued at $9.17 million, based on current exchange rates. 

In 2012, the iPhone 5 hit the market when Bitcoin’s value began to rise steadily. Buying this phone during that year would have cost a hefty 53 BTC. The iPhone 6 and 6s was also released in 2014 and 2015 at a price of 1.7 BTC and 2.8 BTC, respectively. At this time Bitcoin’s price surged significantly, but experienced some mild price fluctuations.

The iPhone 7 and iPhone 8 was further launched in 2016 and 2017, respectively. The price of an iPhone 7 at the time was about 1.1 BTC while an iPhone 8 had been worth 0.19 BTC. 

The iPhone X was also introduced in 2017 alongside iPhone 8, and was priced at 0.14 BTC. In the following year, Bitcoin’s price had stabilized significantly after experiencing a price leap in 2017. Around September 2018, the iPhone XS was released at a price of 0.15 BTC.  

With its improved camera and new upgrades, the iPhone 11 surfaced in 2019 and was bought at 0.068 BTC. The year 2020 also saw the debut of the iPhone 12 when Bitcoin fully entered the mainstream financial world. At the time, the price of iPhone 12 was priced at approximately 0.051 BTC. 

Additionally, in 2021 when Bitcoin’s price skyrocketed to record highs, the iPhone 13 was introduced and priced at an all time low of 0.018 BTC. The following year saw Apple launch the iPhone 14 at 0.042 BTC and the iPhone 15 in 2023 at 0.031 BTC. 

Finally, in 2024 the much anticipated iPhone 16 has officially debuted and is currently available at 0.014 BTC, valued at approximately $792. 

BTC’s Growth Outpaces iPhone Prices

Looking at CoinGecko’s data, it can be observed that the price of each iPhone in Bitcoin over the years have significantly decreased. The decline in the BTC required to buy the latest iPhone models showcases the cryptocurrency’s journey to becoming a high value asset in the financial world. 

While Bitcoin’s price continues to gain traction, characterized by widespread adoption and increased market demand, the price of new iPhones will also increase in dollar terms. Currently, Apple’s iPhone remains a symbol of cutting-edge technology; however, Bitcoin has evolved into a revolutionary technology and payment system in the financial sector. 

Bitcoin price chart from Tradingview.com
BTC price struggling below $57,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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Crypto Founder Identifies The Best And Worst Time To Be In Bitcoin

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Bitcoin and the rest of the crypto market have been trading sideways for the better part of the year now. However, the tide is starting to turn as there could be a recovery trend for the crypto market very soon. To this end, a crypto founder has identified the best and worst times to be an investor in Bitcoin and other cryptocurrencies. Going by his prediction, the worst could be over for Bitcoin, and the market could be for a great time soon.

Best And Worst Time To Be In Bitcoin

Charles Edwards, founder of digital assets-focused hedge fund Capriole Investments, took to X (formerly Twitter), to share when he thinks is the best a worst time to be in Bitcoin. In the post, Edwards attached a screenshot of quarterly returns for Bitcoin, showing the best and worst-performing quarters.

According to the information, the best quarter for Bitcoin is the last quarter of the year, and the worst is the third quarter of the year. Going by this, it means that the Bitcoin price is currently going through its worst-performing quarter. However, this also means that the downtrend could be nearing its end since the month of September is almost over.

The average returns for the third quarter is shown to be +5.39%, the worst of any quarter. The second worst-performing quarter is the second quarter, but even that remains high at +26.89%, while the median returns for the fourth quarter is actually in the negative at -4.64%, an is the only quarter with a negative median return.

In contrast, the fourth quarter has always been bullish, with average returns of +88.84% and median returns of +56.90%. With less than two weeks left to go in the third quarter, Edwards believes that the worst is over. “If you are still here, congratulations. You made it through the worst time to be in Bitcoin. The best lies ahead,” the post read.

BTC Could Jump To New All-Time High In October

Going by the monthly returns for Bitcoin, as depicted on the Coinglass website, Edwards’ forecast that the decline is almost over looks to be correct. The months of October, November, and December have been some of the most bullish months for the coin in history, and this year could be the exact same.

Bitcoin monthly returns
Source: Coinglass

If this trend holds, then the Bitcoin price could be looking at an average increase of around 20% in October. Such a price increase could set the BTC price on a path to a new all-time high. A continuation of the bullish trend would see the Bitcoin price hit a new all-time high by the time the year 2024 is over.

Bitcoin price chart from Tradingview.com
BTC bulls reclaim control of price | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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Is Global Liquidity What Bitcoin Needs to Reach $100,000?

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The Federal Reserve instituted a 50-point rate cut, with promising liquidity conditions for a Bitcoin price spike. However, risks abound with cuts this severe, and crypto profits are far from guaranteed.

Global liquidity is very likely to increase, but this might not equal Bitcoin inflows.

Rate Cuts, Liquidity and Bitcoin

The Federal Reserve has decided on a 50-point rate cut, and Bitcoin’s price has been soaring. Given these and broader market trends, many in the community expect a Bitcoin bull market.

However, rate cuts alone cannot guarantee such favorable market conditions; other factors are also crucial. The key to understanding all of this is global liquidity.

At first glance, Bitcoin’s price over the last few weeks has seemed ponderous, sluggish, and indecisive. Upon a closer look, though, it is actually trending closer than ever before. Raoul Pal, CEO and founder of Global Macro Investor, noted that this correlation was “close, very close” throughout 2024.

Compared to previous years’ data on Global Liquidity (L2) and the price of Bitcoin, this year’s proximity is staggering.

Global M2 and Bitcoin 2024
Correlation of Global Liquidity (M2) and Bitcoin. Source: Raoul Pal

In an exclusive interview with BeInCrypto, Adrian Fritz, Head of Research at 21Shares, described the relationship between cuts and liquidity.

“The upcoming Fed rate cut could lead to short-term Bitcoin price volatility. However, the extent of the cut will play a crucial role in shaping market reactions. A more aggressive 50 bps cut could offer short-term liquidity relief,” he added, with obvious importance for Bitcoin,” Fritz said.

The “more aggressive” rate cut has taken place, and Bitcoin has already responded in kind. The dollar is the global reserve currency, and US rate cuts have well-established impacts on liquidity and market risks. Crypto provides an invaluable reservoir of liquidity for international markets, and this dynamic has only increased.

Quinten Francois, co-founder of WeRate, has noted a trend pointing towards a liquidity spike, and Bitcoin will surely benefit from it. Seems simple, right?

Read More: Bitcoin Halving History: Everything You Need To Know

Global Liquidity Spikes and Bitcoin
Trends Pointing to 2024 Liquidity Spike. Source: Quinten Francois

Dangers in a Volatile Market

Rob Viglione, CEO of Horizen Labs, also discussed these dynamics with BeInCrypto. Like Fritz, he also expected a 25-point rate cut:

“Since a 25 basis point cut is largely expected, major price swings are unlikely, but the direction of travel in the short term will likely be positive as investors move to more volatile assets. In the longer term, lower interest rates will continue to favor risk-on assets like Bitcoin, as investors continue to seek higher returns outside of traditional investments,” Viglione claimed.

However, both underestimated the extent of these cuts. Viglione said that major price swings were unlikely in a 25-point scenario, but cuts are much more severe.

In other words, the market could be set up for a major spike. There are hazards, too, though, that may stand between Bitcoin and a big score.

“A 50-point cut may also heighten concerns about deeper economic challenges or the risk of an impending recession, which could trigger a price pullback. This is especially relevant considering Bitcoin’s recent failure to break through the $60,000 mark and September’s historically poor performance for both Bitcoin and broader markets,” Fritz concluded.

Thankfully, Bitcoin has already broken through $60,000. Bitcoin is viewed, perhaps incorrectly, as a risk-on asset, and lowered interest rates do benefit these. For now, all the conitions seem reasonable to expect a price spike, provided that investor confidence remains high. Nobody can know the future, but we may indeed see $100,000 Bitcoin sooner than we think.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Price Jumps Amid FOMC Rate Cut Decision

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Bitcoin (BTC) reacted to the Federal Open Market Committee (FOMC) meeting on Wednesday, which showed policymakers resorted to a 50 (0.50%) basis points (bps) interest rate cut for September.

This decision marks the beginning of an easing cycle, with more rate cuts to come in 2024.

FOMC Cuts Interest Rates, Bitcoin Jumps Over $60,000

The Federal Reserve has cut interest rates by 50 basis points, the first reduction since early 2020. Financial markets, including crypto investors, had been expecting this move as policymakers aim to control inflation while promoting job growth.

This rate cut comes after the August Consumer Price Index (CPI) showed inflation cooling to 2.5%, down from 2.9% in July. A weaker jobs market and easing inflation have pushed the Fed to lower borrowing costs, hoping to keep the economy steady.

“I think those rate cuts are going to happen faster than we predict. Why? The labor markets and economy are getting worse at an accelerated pace,” analyst Michael van de Poppe shared ahead of the release.

Read more: How to Protect Yourself From Inflation Using Cryptocurrency

Despite the rate cut, the Federal Reserve remains cautious about inflation risks and stands ready to adjust its policies as needed to maintain market stability. This decision is significant because it directly impacts the broader economy, influencing both families and businesses across the US

Higher interest rates typically make borrowing more expensive, whereas lower rates ease access to loans, stimulating spending and investment. This increased liquidity can benefit riskier assets like Bitcoin and stocks, which often see gains when borrowing costs drop.

Historically, interest rate cuts have boosted assets like Bitcoin. For example, following the Fed’s March 2020 rate cut, Bitcoin surged as investors sought to capitalize on lower borrowing costs amid the economic uncertainty triggered by the pandemic.

Read more: How To Buy Bitcoin (BTC) and Everything You Need To Know

BeInCrypto data shows BTC is trading for $60,730 as of this writing.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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