1971?

#bitcoin

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1970.... ~ 140 oz of gold.

2024... ~ 87 oz of gold.

Was a range Rover really 2k in the 70s?

Even if it was £20k..

Yeah 20k i could believe, but 2k is insane.

The average salary in 1970 was roughly between £1,500 and £2,000 per year, so there’s that too. 😁

Clearly we just need to pull ourselves up by our bootstraps

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