Why does my steak in 2021 and in 2025 still cost roughly the same amount of bitcoin though? Iām measuring btc in goods and services and the deflationary collapse in bitcoin terms isnāt revealing itself.
Is it because bitcoin is sniffing out the deflationary tech/ai/robotic collapse and the existing monetary system is just delayed in that realization so prices havenāt collapsed yet?
Something is breaking my brain and I canāt figure it out! š«
That is exactly it Matt. Lag time + greed and fear. As a small indicator of what youāre talking about - many PE funds in real estate have halted redemptions because if the assets were marked to market -insolvency would reign. While the market āwaitsā for more liquidityā¦.ie - money printing. Trying to measure it in shorter time horizons, against an increasingly chaotic insolvent credit based system is what keeps us stuck.
In time, it will be clear.
š”thanks Jeff
This is absolutely understand.
There's a difference between measuring bitcoin in fiat and measuring fiat in bitcoin.
In a free market everything has relatively value to everything else and there is no moat against opportunity cost. What matters is where one places their focus.
Well, the price of steak in banker's permission slips went up 22%...
I think Bitcoin is giving true signal.
We also have to factor in the fact that destruction, waste and chaos are inflationary forces even for hard money. The real deflation is when the world actually gets richer in real terms, while the money stands firm.
All the destruction of fiat malinvestment... waste, destruction and chaos will sap out real wealth gains for now. Bitcoin is more like a lifeboat when the fiat world is still crumbling. But it truly takes off as a deflationary rocket when real wealth creation takes over again.
We're in our benedictine phase. Charlemagne is yet to come.
