#USCryptoWeek

15 years ago, 1 Bitcoin could not buy you 1 loaf of bread in Libya

And now, 1 million dinars cannot buy you 2 Bitcoins

Bitcoin sets a new record price at 19:00 Libyan time

112,680 thousand dollars

Simply put, it equals the revenue of now

1,637 barrels of oil

Its price is more than the revenues of small oil fields in Libya

Its price equals the revenue of the Rashed field

By at least 3 times 503 barrels

And more than the revenue of the Al-Khair field

By 1.4 times producing 1,182 barrels

And more than the revenue of the Al-Muharika field

By 11 times producing 145 barrels

The price of a barrel of oil "68.83 dollars at 19:00"

The price of Bitcoin "19:00" July 10, 2025

And equals

And the price of 1 Bitcoin

= 34 ounces of gold

3,314 dollars per ounce

And 1 million dinars

Will not buy you 2 Bitcoins

And the price of 2 Bitcoins in Libyan

= 1.442 million dinars at the official price

And the price of 1 Bitcoin

Has the ability to buy 6 brand new Hyundai Creta

At least

All of this was the price of 1 Bitcoin in 2010

= 0.01 dollars

At that time, it could not buy you 1 loaf of bread

I understand those who say oil is sold and dollars are obtained

I replaced the numbers for the sake of explanation

And the talk about investment, its forms, and its diversity for both individuals and institutions

Even if they are among high-risk investments

The Central Bank has prohibited them in Libya since May 2018