I watched this video:
https://www.youtube.com/watch?v=HFYv-rk4v9Y
But it's not true (about Japan inflation).
Because the inflation are much higher than in the video:
USD/BTC gained ~1340% in 5 years.
EUR/BTC gained ~1388% in 5 years.
CNY/BTC gained ~1829% in 5 years.
But
JPY/BTC gained ~2371% in 5 years.
You can clearly see that Japan have much higher inflation then official said!
But I am not surprised about legacy media...
They don't care about the truth.
I’ve told a few people about this and how different currencies debase at different rates and how BTC is proving this notably with the ATH’s recently. However, the more I think about it, I dont really understand the dynamics of why exactly. Isn’t BTC price in each market just a reflection of local demand?
"Isn’t BTC price in each market just a reflection of local demand?"
Yes, if you have too much worthless fiat money, you need to "pay" more than other countries...
