balajis on Nostr: SUPERBITCOINIZATION IS ALREADY HERE “Normal” inflation is 2% per year. Or roughly ...
SUPERBITCOINIZATION IS ALREADY HERE
“Normal” inflation is 2% per year.
Or roughly 0.2% per month.
And hyperinflation is 50% per month.
So, we aren’t there yet.
It’s all fine!
But is it?
What if we define something in between?
Call it superinflation.
Say superinflation is 5% per month.
In that case…
BTC has appreciated >20000% vs USD.
Over a ten year period.
That’s a monthly rate of >8.6%.
That means the dollar has devalued against Bitcoin by more than 5% per month on average for ten years.
So: yes, hyperbitcoinization hasn’t hit yet.
But superbitcoinization is already here.
We’ve been living through it.
“Normal” inflation is 2% per year.
Or roughly 0.2% per month.
And hyperinflation is 50% per month.
So, we aren’t there yet.
It’s all fine!
But is it?
What if we define something in between?
Call it superinflation.
Say superinflation is 5% per month.
In that case…
BTC has appreciated >20000% vs USD.
Over a ten year period.
That’s a monthly rate of >8.6%.
That means the dollar has devalued against Bitcoin by more than 5% per month on average for ten years.
So: yes, hyperbitcoinization hasn’t hit yet.
But superbitcoinization is already here.
We’ve been living through it.