Dr. Jeff on Nostr: My favorite page on the StLouisFed .org (FRED) site: "Buying eggs with bitcoins." ...
My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
Since they started keeping track in January 2015 through July 2024, the price of a dozen eggs:
- In US dollars: Up +46.0%, from $2.11 to $3.08.
Image
- In #bitcoin: Down -99.5%, from 925,406 sats to 4,903 sats.
Image
CONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.
Inflationary fiat currency versus neutral inelastic energy money...
The choice is yours.
Source: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
"Buying eggs with bitcoins."
Since they started keeping track in January 2015 through July 2024, the price of a dozen eggs:
- In US dollars: Up +46.0%, from $2.11 to $3.08.
Image- In #bitcoin: Down -99.5%, from 925,406 sats to 4,903 sats.
ImageCONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.
Inflationary fiat currency versus neutral inelastic energy money...
The choice is yours.
Source: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/