CryptoHeathen on Nostr: Pretty much BPI = CPI/BTC Price. I'm noob too, and definitely not an economics ...
Pretty much BPI = CPI/BTC Price. I'm noob too, and definitely not an economics person, at least by profession.
My understanding is that although CPI doesn't have a unit, dividing it by the price of BTC works because it gives the amount of BTC needed to achieve the same purchasing power represented by the CPI.
Published at
2024-08-21 02:56:13Event JSON
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"content": "Pretty much BPI = CPI/BTC Price. I'm noob too, and definitely not an economics person, at least by profession. \n\nMy understanding is that although CPI doesn't have a unit, dividing it by the price of BTC works because it gives the amount of BTC needed to achieve the same purchasing power represented by the CPI. ",
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