1971?
#bitcoin

1971?
#bitcoin

1970.... ~ 140 oz of gold.
2024... ~ 87 oz of gold.
Was a range Rover really 2k in the 70s?
1970 new (2000£) ~ 140 oz of gold
2025 restored / zero mileage ~ 12 oz
#deflation #bitcoin #gold

This is also a story of the need to go from a utilitarian vehicle to a social status luxury object as a strategy of maintaining profits. However, almost the same level of inflation has happened with very basically houses, which are still just have utility value. https://primal.net/e/nevent1qqsxsynrcnhxpgz4sra49f573ggm8pq88c9cx34tf94dpr7p6j8v48q2vj5n8