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Here’s 5 Reasons to Stay Bullish on Bitcoin

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Here's 5 Reasons to Stay Bullish on Bitcoin

Here’s 5 Reasons to Stay Bullish on Bitcoin

The trough of disillusionment can be soul-crushing for any investor.

It’s that period of time just after the initial hype wears off. Even though the technology had the public’s attention for awhile, it is now passé and just an outdated story. The world moves on, distracted by other shiny objects that capture its attention.

Interestingly enough, this is also the same period when venture capitalists, engineers, and problem solvers convene to actually build out the given technology. The best and most extreme example of this is virtual reality, which endured a trough of disillusionment for decades. People were talking about VR back in the ’90s, but it took many years for the practical technology to fully catch up to the idea. Now, virtual reality is finally emerging from the trough and people are excited again – this time about products like the Oculus Rift.

The same trough of disillusionment has temporarily captured Bitcoin, the blockchain, and their derivatives. The million dollar question is: when will Bitcoin re-emerge?

We think that cryptocurrency will remain in the trough for some time, but there are many reasons to believe that a robust foundation is being built for these technologies.

Here are five reasons to be bullish on Bitcoin:

  1. Venture capitalists continue to invest in Bitcoin. In 2015, $1 billion was invested in startups focusing on the technology, a 300% increase.
  2. Daily transaction volume and users continue to increase. There are 10,000 new users every day.
  3. Bitcoin has been declared dead by media 72 times, and it has survived 48 scandals. Resilience is key.
  4. Blockchain technology has been proposed for use in 90+ different purposes, ranging from networks of ownerless, self-driving cars to financial derivatives. By the way, the big banks announced even they are using blockchain technology for payments.
  5. There are now 29 bitcoin-friendly nations.

Still not convinced? See how bitcoin will disrupt banking in an infographic we put together months ago.

Original graphic by: Holy Transaction

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Technology

Mapped: How Much Netflix Costs in Every Country

This map of Netflix price by country shows how much a basic subscription package costs around the world.

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Mapped: Netflix Price by Country

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Netflix, the renowned streaming giant, has transformed the way we consume entertainment, providing a vast library of movies, TV shows, and documentaries at the touch of a button.

However, the cost of accessing this digital haven varies significantly from country to country, reflecting economic disparities and market dynamics.

This graphic from Preyash Shah maps Netflix price by country, using standard (basic) package subscription monthly rates from Netflix.com and converting to USD as of December 10, 2023.

What is the Netflix Price by Country?

Across 244 countries and territories that had Netflix available in December of 2023, Switzerland was the most expensive at $21.48 per month. That was $5 more than the second-most-expensive country on the list.

CountriesNetflix Cost (USD)
🇦🇫 Afghanistan$7.99
🇦🇽 Åland Islands$12.92
🇦🇱 Albania$8.61
🇩🇿 Algeria$7.99
🇦🇸 American Samoa$15.49
🇦🇩 Andorra$14.00
🇦🇴 Angola$7.99
🇦🇮 Anguilla$12.99
🇦🇬 Antigua & Barbuda$12.99
🇦🇷 Argentina$3.57
🇦🇲 Armenia$10.76
🇦🇼 Aruba$12.99
🇦🇺 Australia$11.19
🇦🇹 Austria$14.00
🇦🇿 Azerbaijan$10.76
🇧🇸 Bahamas$12.99
🇧🇭 Bahrain$10.49
🇧🇩 Bangladesh$7.99
🇧🇧 Barbados$15.29
🇧🇾 Belarus$10.76
🇧🇪 Belgium$14.54
🇧🇿 Belize$5.99
🇧🇯 Benin$9.99
🇧🇲 Bermuda$12.99
🇧🇹 Bhutan$7.99
🇧🇴 Bolivia$5.99
🇧🇦 Bosnia & Herzegovina$8.61
🇧🇼 Botswana$7.99
🇧🇻 Bouvet Island$9.99
🇧🇷 Brazil$8.10
🇮🇴 British Indian Ocean Territory$7.99
🇻🇬 British Virgin Islands$12.99
🇧🇳 Brunei$11.99
🇧🇬 Bulgaria$8.61
🇧🇫 Burkina Faso$7.99
🇧🇮 Burundi$7.99
🇰🇭 Cambodia$7.99
🇨🇲 Cameroon$7.99
🇨🇦 Canada$12.13
🇨🇻 Cape Verde$7.99
🇨🇰 Caribbean Netherlands$12.99
🇰🇾 Cayman Islands$12.99
🇨🇫 Central African Republic$7.99
🇹🇩 Chad$7.99
🇨🇱 Chile$9.58
🇨🇽 Christmas Island$7.99
🇨🇨 Cocos (Keeling) Islands$11.19
🇨🇴 Colombia$6.75
🇰🇲 Comoros$7.99
🇨🇬 Republic of the Congo$7.99
🇨🇩 Democratic Republic of the Congo$7.99
🇨🇰 Cook Islands$11.32
🇨🇷 Costa Rica$12.99
🇨🇮 Côte d’Ivoire$7.99
🇭🇷 Croatia$8.61
🇨🇺 Cuba$5.99
🇨🇼 Curaçao$12.99
🇨🇾 Cyprus$11.84
🇨🇿 Czechia$11.42
🇩🇰 Denmark$16.46
🇩🇯 Djibouti$7.99
🇩🇲 Dominica$5.99
🇩🇴 Dominican Republic$7.99
🇪🇨 Ecuador$7.99
🇪🇬 Egypt$3.88
🇸🇻 El Salvador$7.99
🇬🇶 Equatorial Guinea$7.99
🇪🇷 Eritrea$7.99
🇪🇪 Estonia$10.76
🇸🇿 Eswatini$7.99
🇪🇹 Ethiopia$7.99
🇫🇰 Falkland Islands$12.99
🇫🇴 Faroe Islands$16.46
🇫🇯 Fiji$7.99
🇫🇮 Finland$12.92
🇫🇷 France$14.54
🇬🇫 French Guiana$13.46
🇵🇫 French Polynesia$11.99
🇹🇫 French Southern Territories$12.92
🇬🇦 Gabon$7.99
🇬🇲 Gambia$7.99
🇬🇪 Georgia$12.70
🇩🇪 Germany$14.00
🇬🇭 Ghana$7.99
🇬🇮 Gibraltar$14.00
🇬🇷 Greece$11.84
🇬🇱 Greenland$16.46
🇬🇩 Grenada$5.99
🇬🇵 Guadeloupe$13.46
🇬🇺 Guam$15.49
🇬🇹 Guatemala$7.99
🇬🇬 Guernsey$13.79
🇬🇳 Guinea$7.99
🇬🇼 Guinea-Bissau$7.99
🇬🇾 Guyana$5.99
🇭🇹 Haiti$5.99
🇭🇲 Heard & McDonald Islands$9.99
🇭🇳 Honduras$7.99
🇭🇰 Hong Kong$9.99
🇭🇺 Hungary$9.85
🇮🇸 Iceland$14.00
🇮🇳 India$5.98
🇮🇩 Indonesia$7.72
🇮🇷 Iran$9.99
🇮🇶 Iraq$7.99
🇮🇪 Ireland$16.15
🇮🇲 Isle of Man$13.79
🇮🇱 Israel$12.67
🇮🇹 Italy$14.00
🇯🇲 Jamaica$5.99
🇯🇵 Japan$10.28
🇯🇪 Jersey$13.79
🇯🇴 Jordan$7.99
🇰🇿 Kazakhstan$10.76
🇰🇪 Kenya$4.52
🇰🇮 Kiribati$7.99
🇰🇼 Kuwait$9.99
🇰🇬 Kyrgyzstan$10.76
🇱🇦 Laos$7.99
🇱🇻 Latvia$10.76
🇱🇧 Lebanon$7.99
🇱🇸 Lesotho$7.99
🇱🇷 Liberia$7.99
🇱🇾 Libya$7.99
🇱🇮 Liechtenstein$21.48
🇱🇹 Lithuania$10.76
🇱🇺 Luxembourg$14.54
🇲🇴 Macau$9.99
🇲🇬 Madagascar$7.99
🇲🇼 Malawi$7.99
🇲🇾 Malaysia$9.65
🇲🇻 Maldives$11.99
🇲🇱 Mali$7.99
🇲🇹 Malta$14.00
🇲🇭 Marshall Islands$15.49
🇲🇶 Martinique$13.46
🇲🇷 Mauritania$7.99
🇲🇺 Mauritius$7.99
🇾🇹 Mayotte$13.46
🇲🇽 Mexico$12.62
🇫🇲 Micronesia$15.49
🇲🇩 Moldova$10.76
🇲🇨 Monaco$14.54
🇲🇳 Mongolia$7.99
🇲🇪 Montenegro$8.61
🇲🇸 Montserrat$12.99
🇲🇦 Morocco$6.41
🇲🇿 Mozambique$7.99
🇲🇲 Myanmar (Burma)$7.99
🇳🇦 Namibia$7.99
🇳🇷 Nauru$11.99
🇳🇵 Nepal$7.99
🇳🇱 Netherlands$12.92
🇳🇨 New Caledonia$11.99
🇳🇿 New Zealand$11.32
🇳🇮 Nicaragua$5.99
🇳🇪 Niger$7.99
🇳🇬 Nigeria$4.48
🇳🇺 Niue$11.32
🇳🇫 Norfolk Island$11.19
🇲🇰 North Macedonia$8.61
🇲🇵 Northern Mariana Islands$15.49
🇳🇴 Norway$9.99
🇴🇲 Oman$10.49
🇵🇰 Pakistan$2.82
🇵🇼 Palau$15.49
🇵🇸 Palestine$7.99
🇵🇦 Panama$8.99
🇵🇬 Papua New Guinea$7.99
🇵🇾 Paraguay$5.99
🇵🇪 Peru$9.28
🇵🇭 Philippines$7.19
🇵🇳 Pitcairn Islands$7.99
🇵🇱 Poland$10.68
🇵🇹 Portugal$12.92
🇵🇷 Puerto Rico$15.49
🇶🇦 Qatar$9.99
🇷🇪 Réunion$12.49
🇷🇴 Romania$10.76
🇷🇼 Rwanda$7.99
🇼🇸 Samoa$7.99
🇸🇲 San Marino$14.00
🇸🇹 São Tomé & Príncipe$7.99
🇸🇦 Saudi Arabia$11.47
🇸🇳 Senegal$7.99
🇷🇸 Serbia$8.61
🇸🇨 Seychelles$7.99
🇸🇱 Sierra Leone$7.99
🇸🇬 Singapore$13.02
🇸🇽 Sint Maarten$12.99
🇸🇰 Slovakia$10.76
🇸🇮 Slovenia$8.61
🇸🇧 Solomon Islands$7.99
🇸🇴 Somalia$7.99
🇿🇦 South Africa$8.41
🇬🇸 South Georgia & South Sandwich Islands$9.99
🇰🇷 South Korea$10.25
🇸🇸 South Sudan$7.99
🇪🇸 Spain$14.00
🇱🇰 Sri Lanka$7.99
🇧🇱 St. Barthélemy$5.99
🇸🇭 St. Helena$7.99
🇰🇳 St. Kitts & Nevis$12.99
🇱🇨 St. Lucia$5.99
🇲🇫 St. Martin$5.99
🇵🇲 St. Pierre & Miquelon$14.54
🇻🇨 St. Vincent & Grenadines$5.99
🇸🇩 Sudan$7.99
🇸🇷 Suriname$5.99
🇸🇯 Svalbard & Jan Mayen$9.99
🇸🇪 Sweden$12.32
🇨🇭 Switzerland$21.48
🇹🇼 Taiwan$10.49
🇹🇯 Tajikistan$12.70
🇹🇿 Tanzania$7.99
🇹🇭 Thailand$9.90
🇹🇱 Timor-Leste$7.99
🇹🇬 Togo$7.99
🇹🇰 Tokelau$11.32
🇹🇴 Tonga$7.99
🇹🇹 Trinidad and Tobago$12.99
🇹🇳 Tunisia$7.99
🇹🇷 Türkiye$3.38
🇹🇲 Turkmenistan$10.76
🇹🇨 Turks & Caicos Islands$12.99
🇹🇻 Tuvalu$7.99
🇺🇸 U.S. Outlying Islands$9.99
🇻🇮 U.S. Virgin Islands$15.49
🇺🇬 Uganda$7.99
🇺🇦 Ukraine$8.07
🇦🇪 United Arab Emirates$10.62
🇬🇧 United Kingdom$13.79
🇺🇸 United States$15.49
🇺🇾 Uruguay$12.99
🇺🇿 Uzbekistan$10.76
🇻🇺 Vanuatu$7.99
🇻🇦 Vatican City$14.00
🇻🇪 Venezuela$5.99
🇻🇳 Vietnam$9.08
🇼🇫 Wallis & Futuna$7.99
🇪🇭 Western Sahara$9.99
🇾🇪 Yemen$7.99
🇿🇲 Zambia$7.99
🇿🇼 Zimbabwe$7.99

Other wealthy countries like Denmark, Ireland, and the U.S. were in the top five most expensive countries for Netflix subscriptions, ranging from $16.46 to $15.49.

On the opposite side of the pendulum, Pakistan had the lowest Netflix subscription cost at $2.82 per month. It was followed by Türkiye at $3.38 and Argentina at $3.57.

Several factors influence the flux in pricing of Netflix subscriptions across different nations. These include:

  • Economic Factors: Netflix tailors its prices to align with the purchasing power of consumers in each market. Countries with higher average incomes typically bear higher subscription costs.
  • Market Competition: The presence of strong local streaming services can exert downward pressure on Netflix prices, forcing it to adjust its offerings to remain competitive.
  • Content Licensing: The cost of acquiring content rights varies across regions, influencing the overall pricing structure. Countries with higher licensing fees may experience higher subscription costs.
  • Currency Fluctuations: Currency exchange rates can impact Netflix’s pricing model, leading to occasional adjustments or fluctuations in subscription costs.

While affordability remains a primary concern for consumers, Netflix’s pricing strategy also aims to balance accessibility with content acquisition and profitability.

As the streaming industry continues to evolve, it will be interesting to observe how Netflix adapts its pricing model to maintain its global dominance while catering to the diverse needs and preferences of its audience.

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