FinancialJackass on Nostr: “EARNING” aka “SAVING” ON Debasement with #bitcoin #btc Will make this a ...
“EARNING” aka “SAVING” ON Debasement with #bitcoin #btc
Will make this a video later today -
On September 18th, 2023, when the US debt hit 33 trillion and Bitcoin was priced at 26,700 USD, the value of Bitcoin could be seen as a potential hedge against government debt. If you had invested in Bitcoin instead of holding onto the US dollar, the increase in Bitcoin's value could have helped offset the debasement caused by the growing debt.
On Friday, November 10th, 2023, the US debt stood at 33.7 trillion, and Bitcoin was priced at 37,000 USD.
The difference in value between the US dollar and Bitcoin can be viewed as a measure of how much you could have saved.
To calculate the savings, we can compare the percentage increase in Bitcoin's value relative to the percentage increase in the US debt.
Using the given data, the percentage increase in Bitcoin's value from 26,700 to 37,000 is approximately 38.6%. Meanwhile, the percentage increase in the US debt from 33 trillion to 33.7 trillion is approximately 2.1%.
Therefore, in this particular example, by holding Bitcoin instead of US dollars, you would have potentially saved approximately 36.5% (38.6% - 2.1%) of the debasement caused by the growing government debt.
You can call this earning or saving, but it doesn’t matter because it is all in fiat. 1 bitcoin is 1 bitcoin. Live on bitcoin and beat debasement.
Will make this a video later today -
On September 18th, 2023, when the US debt hit 33 trillion and Bitcoin was priced at 26,700 USD, the value of Bitcoin could be seen as a potential hedge against government debt. If you had invested in Bitcoin instead of holding onto the US dollar, the increase in Bitcoin's value could have helped offset the debasement caused by the growing debt.
On Friday, November 10th, 2023, the US debt stood at 33.7 trillion, and Bitcoin was priced at 37,000 USD.
The difference in value between the US dollar and Bitcoin can be viewed as a measure of how much you could have saved.
To calculate the savings, we can compare the percentage increase in Bitcoin's value relative to the percentage increase in the US debt.
Using the given data, the percentage increase in Bitcoin's value from 26,700 to 37,000 is approximately 38.6%. Meanwhile, the percentage increase in the US debt from 33 trillion to 33.7 trillion is approximately 2.1%.
Therefore, in this particular example, by holding Bitcoin instead of US dollars, you would have potentially saved approximately 36.5% (38.6% - 2.1%) of the debasement caused by the growing government debt.
You can call this earning or saving, but it doesn’t matter because it is all in fiat. 1 bitcoin is 1 bitcoin. Live on bitcoin and beat debasement.