The Bitcoin Street Price
Hi Peaches🍑,
If you read this newsletter you already probably know that peer-to-peer marketplaces facilitate direct transactions between individuals, often resulting in a “street price” for Bitcoin that reflects real-world supply and demand dynamics.
Unlike peer-to-peer markets, where buyers and sellers trade directly, traditional exchanges - even the Bitcoin only ones - act as intermediaries, managing custody, order matching, and price discovery. But do people, like you and I, who just wanna casually stack some Sats, need those intermediaries?
Now I can tell you a little story about Peach ideation process. It started in 2019. I was really bored, mentally under-challenged at my fiat job. And in the meantime that was the peak of my Bitcoin obsession. I attended meetups, conferences, joined Bitcoin twitter, telegram group, I was listening to podcasts, reading stuffs, thinking about a future where Bitcoin fixes the money… so naturally I ended up making the rational choice of aligning my energy with my financial activity. Let’s create something on Bitcoin and leave this boring fiat job. As anyone who wanna start building a company, I asked myself: what problem do I want to solve? The answer came very easily. Number 1 problem, in my opinion, before even custody bitcoin the good way, it’s to buy bitcoin the good way. In 2019, when I started the ideation process, I initially worked on a broker model. Then I realized:
The solution? Just provide a peer-to-peer marketplace where:
And Peach was born! Peach the company was created in February 2022 in Switzerland, without a bank account and in bitcoin! To this date, we don’t interact with the banking system. Peach received investments in bitcoin, pay its employees in bitcoin, get its revenue in bitcoin. Peer-to-peer business model made it possible to be one of the first company to fully operate on a bitcoin standard. What’s not to like about that? LFG 🍑🚀 |
Alright so now going back to the Bitcoin street price… aka the peer-to-peer price!!! I call it the raw price, the pure price, the intermediate-free price, the natural price, the innocent price… the price at which an individual decides that at this exaxt moment in time, in this exact place and in this exact situation, Bitcoin is worth
The concept of the Bitcoin street price isn’t entirely new. Back in 2017, Clark Moody introduced the Bitcoin Street Price index, aiming to track Bitcoin’s value as traded peer-to-peer in various local currencies. This initiative sought to provide a more accurate representation of Bitcoin’s cash value across different regions. Unfortunately this data doesn’t exist anymore due to lack of support and resources but platforms like Peach Bitcoin continue to champion the idea, that the peer-to-peer price is the real price of Bitcoin.
CHECK NOW our brand new website home page to discover the Bitcoin street price ATH on Peach for the last 24h / 15d / 30d in EUR CHF USD. How it’s calculated: we take the average price of all completed transactions on Peach.
GUESS WHAT? HAVE YOU NOTICED THAT? Bitcoin price is often higher here on the peer-to-peer marketplace! Why? Because it’s raw and there is no identification and KYC bullshit! For this reason, arbitraging bitcoin or selling bitcoin on Peach makes a lot of sense! And… ITS FREE OF CHARGE!!! So download the app and place your sell offer now!
Now look what peer2peer also means in real life:
People are trading bitcoin super anonymously with CASH while attending Bitcoin meetups! This is a French meetup below, Bitcoin Metz! Shout out to them! Peach facilitates the trade by providing the escrow and the offer discovery platform! Thanks to BitcoinMetz for presenting Peach! A true honor for us.
That's it for me, peaches!
With peachy regards,
@ProofofSteph
Make Stacking Sats Peer-to-Peer the Standard,
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Peach is very tiny team. Any help and support is greatly appreciated! Wanna partner with us? Wanna promote us? Wanna join the team as a local or regional Peach Brand ambassador? 👀 Get in touch with us now!
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February 12nd, 2025