My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
OVER THE PAST FIVE YEARS...
From September 2019 through September 2024, the price of a dozen eggs:
- In US dollars: Up +177%, from $1.38 to $3.82.
- In #bitcoin: Down -55%, from 14,119 sats to 6,310 sats.
CONCLUSION: Life gets constantly 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/
Dr, need you help, this Justin_Bons guy said on X the following, would like to hear your thoughts, thanks “BTC will collapse between 8 to 12 years from now!
First, the mining industry will fall, as the security budget shrinks
Then the network will be attacked (censorship & 51% attacks)
Core will then have to increase inflation beyond 21M, splitting the chain & that will be the end!”
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