Replying to Avatar btcschellingpt

Amazing what a constant measuring stick can highlight!

BTC still well off it's AUD$ ATH of $174k yet other markets like Turkey and America are each banging new fiat "highs"

The disparity really highlights how fast the USD is debasing, and how important a constant measure like Bitcoin is for measuring the relative debasement that occurs globally
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Christo 🧡⚡️ 5mo ago 💬 1

Isn’t this just caused by a weaker / changing AUDUSD exchange rate? Agree USD is debasing but not sure that’s the whole story.

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btcschellingpt 5mo ago

The "why's" of the strength of the AUD against the USD, or the weakening of the USD against the AUD (and most others) is (imo) a pointless discussion as neither of those two are fixed units .. they're both currently debasing so there's no way to comparatively measure one to the other over time.

With bitcoin however, same set of units, transparent, visible and verifiable