luka on Nostr: As we enter the #bitcoin bull run, the mania starts to kick, and people forget that ...
As we enter the #bitcoin bull run, the mania starts to kick, and people forget that the #bitcoin price movement is the result of adoption (new money) but also the debasement of the USD.
The current USD equivalent to the 2021 all-time high is $75,500 according to US Gov CPI. If more accurate inflation data was used it would be closer to $85,000. #bitcoin is still relatively far from its true all-time high.
This is a reminder to measure the value of your #bitcoin in purchasing power instead of the heavily inflated USD
The current USD equivalent to the 2021 all-time high is $75,500 according to US Gov CPI. If more accurate inflation data was used it would be closer to $85,000. #bitcoin is still relatively far from its true all-time high.
This is a reminder to measure the value of your #bitcoin in purchasing power instead of the heavily inflated USD