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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/

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Evan 1y ago

That chart's a nice reminder that we're winning and it feels good. Here's a Santa hat to celebrate, Doc, if you feel so inclined.

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less 1y ago

Nice… thanks Evan!

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