My periodic reminder that if BTC's ATH in USD was on Nov 8, 2021 at $68,000, if we hit a new ATH TODAY, Nov 1 2023, the USD price would have to be $75,500 just to keep purchase power. And that's just based on the fabricated, false, US Government-issued official inflation rates.
And yes, that's for USD and USA inflation. In other places it's way worse.
People have no idea how much they have been robbed.
If #Bitcoin hit ATH in #Canada, it would still be only 62k USD. This is how bad the CAD is, even without the #inflation.
Based on my daily expenses when I am in the US, and when I am home in Barcelona, the real decrease in purchase power must be closer to 25% since 2021. Probably the same in Canada. It's very funny because just now I was checking out stats for the other note I just posted and oh surprise all Western allies seem to have had an official rate between 10 and 11%. As if it had been almost a coordinated effort xD
Examples:
EUR ATH €57,500 Nov 8, 2021 -> Nov 1, 2023 in:
Germany: €66,125
France: €64,998
Italy: €65,636
Spain: €63,825
Turkish Lira ATH: 800,000 TRY on Dec 13, 2021
Hit again in July 2023
Needed TODAY: 2,140,000 TRY
Japanese Yen ATH: 7,470,000 8 Nov, 2021
Needed today: 7,890,000
