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."
OVER THE PAST FIVE YEARS...
From October 2019 through October 2024, the price of a dozen eggs:
- In US dollars: Increased ⬆️ +163%, from $1.28 to $3.37.
- In #bitcoin: Decreased ⬇️ -67%, from 15,286 sats to 5,117 sats.
CONCLUSION: Life gets constantly 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."
OVER THE PAST FIVE YEARS...
From October 2019 through October 2024, the price of a dozen eggs:
- In US dollars: Increased ⬆️ +163%, from $1.28 to $3.37.
- In #bitcoin: Decreased ⬇️ -67%, from 15,286 sats to 5,117 sats.
CONCLUSION: Life gets constantly 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/