Nostr Web Client

less 1y ago 💬 7

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/

Reply to this note

Please Login to reply.

Discussion

IntuitiveGuy☯️ 1y ago 💬 1

So many omelettes in our future..

less 1y ago

Definitely.

IntuitiveGuy☯️ 1y ago

PODCONF 1y ago

Congrats on sharing this link! Very informative.

#MacroElder

btcschellingpt 1y ago

Along the same lines, but for realestate in each of the Australian capital cities, have a squiz at

https://bitcoinbushbash.info/houseprices/

The ONLY way to save for a home is in bitcoin .. everything else is constant value rug pull or $ pump-n-dump

Housing affordability in bitcoin 🙏

celestal 1y ago

Kinda crazy that this exists in a central bank's website.

AfterSound 1y ago

There is so much talk about saving in bitcoin - what about earning in bitcoin? And not fiat denominated amounts. Imagine if your salary for a job was 0.5 BTC per year. Might not be sustainable for long periods of time but man would you have the cream of the crop applying for that job.