SA house prices measured in bitcoin increase for the first time in a decade – Moneyweb

Bear in mind that in rand terms, one BTC could be purchased for R659 in 2011.

And in 2021 we reported that a house costing R1 million in 2011 could be purchased back then for the equivalent of 1 517 BTC.

Our original R1 million house had appreciated in value to R1.46 million in 2021, the equivalent of 2.25 BTC back then.

What’s noticeable from the above charts is that the big price gains in BTC were achieved in the years prior to 2017.

The second largest crypto by market cap is Ethereum , which has a much shorter history than BTC.

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