That's a fav of mine too. I remember well posting back when everyone was complaining about $18 a dozen eggs, that Bitcoiners were getting them literally almost for free. Maybe we should price in BTC/eggs vs BTC/USD???
My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
Since they started keeping track in January 2015 through August 2024, the price of a dozen eggs:
- In US dollars: Up +51.7%, from $2.11 to $3.20.
- In #bitcoin: Down -99.4%, from 925,406 sats to 5,348 sats.
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/
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