I've been keeping an eye on the price of loaf of bread! On Sept, 27 (last) I would have paid 5.100 sats for it. Today, that same loaf of bread would cost me 2.639 sats.
My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
OVER THE PAST FIVE YEARS...
From November 2019 through November 2024, the price of a dozen eggs:
- In US dollars: Increased ⬆️ +159%, from $1.41 to $3.65.
- In #bitcoin: Decreased ⬇️ -52%, from 8,694 sats to 4,170 sats.
Would you prefer:
- Groceries to be 2.5x more expensive for you and your family?
- Or half as much over the past five years?
This is not a trick question.
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/
Discussion
Love it. 🤝