This is one of the reasons we’ll buy. And it can also say the price of bitcoin never increased, the dollar is just worth less. Adjusted for inflation this top and last are the same

A Brazilian and an American bought 1000 dollars of bitcoin on September 20, 2024 and sold it on December 24, 2024. Let's see who made more money in the end.

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Purchase Data (September 20, 2024):

Bitcoin Price:

International: US$ 34,432.14

Brazil: R$ 34,321.43

Exchange Rate: 1 USD = R$ 5.5146

1. American:

Invested US$ 1,000 and bought 0.02905 BTC (US$ 1,000 ÷ US$ 34,432.14).

2. Brazilian:

R$ 5,514.60 (equivalent to US$ 1,000) also buys 0.02905 BTC.

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Sale Data (December 24, 2024):

Bitcoin Price:

International: US$ 94,684.34

Brazil: R$ 618,170.00

Exchange Rate: 1 USD = R$ 6.1917

1. American:

0.02905 BTC × US$ 94,684.34 = US$ 2,750.00.

Profit in dollars:

US$ 2,750.00 - US$ 1,000 = US$ 1,750.00.

Profit percentage:

(US$ 1,750 ÷ US$ 1,000) × 100 = 175%.

2. Brazilian:

0.02905 BTC × R$ 618,170.00 = R$ 17,956.94.

Profit in reais:

R$ 17,956.94 - R$ 5,514.60 = R$ 12,442.34.

Profit percentage:

(R$ 12,442.34 ÷ R$ 5,514.60) × 100 = 225.7%.

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Conclusion:

American: Profit US$ 1,750.00 (175%).

Brazilian: Profit R$ 12,442.34 (225.7%).

The percentage difference occurs because the real also depreciated against the dollar during the period, increasing profit in reais.