The Samara Bitcoin CPI (BTCCPI)
The Bitcoin Consumer Price Index (BTCCPI) measures how much the value of the basket of goods used for the official CPI data in Europe and the United States has changed over time if priced in #Bitcoin (BTC).
Do you understand now?
Study #Bitcoin.
Leave the matrix, enter the rabbit hole, study Bitcoin.
With #Bitcoin you are a part of the solution, with Fiat, part of the problem.
Just a friendly reminder, to study the Austrian Economics and to study #Bitcoin.
Maybe this is the difference between sheeps and #Bitcoiners ...
https://blossom.primal.net/7760f6d37728cf39bcc934cb1dcb3a5a8ce261158f538c0f400c49f4a35ba35f.webp
Truth then, truth now.
Protect yourself, study Bitcoin.
Study #Bitcoin or HFSP.
Meme and sh*tcoins shortly explained ...
Arizona House -PASSES- #Bitcoin Reserve Bill!
Stack #Bitcoin harder, get to one Bitcoin before it becomes impossible to reach 100 million sats.
If someone thinks he is late to #Bitcoin, remember that we are still the early adopters.
Why Tim Draper is a real Bitcoin legend
Tim Draper is an American venture capitalist and investor, he was an early investor in Hotmail, Baidu, Skype, Tesla and many more.
Draper made media headlines in 2014 for buying the seized Bitcoin from the Silk Road website in a US Marshals Service auction. Draper bought 29,656 Bitcoin confiscated by the U.S. Marshals for a total of $18.7 million, which comes out to $632.00 per coin.
Since then, he is a Bitcoin advocate and has been countless times at conferences or broadcasts speaking about the advantages of #Bitcoin.
When Fiat-currency devalues, your time loses value, when your time loses value, your life loses value. It's never too late to study #Bitcoin!
Nothing stops the #Bitcoin train.
Did Gold hit a new all time high?
No, the money lost its value drastically!
Let's take a look closer.
The Post-1971 Economic Shifts:
On August 15th 1971 Richard Nixon abandoned the converbility of the US-Dollar in gold. That lead to an increase of Federal debt from $398 billion to over $36 trillion, an increase of more than 9,000% in approx 50 years. This unprecedented growth in national debt was only possible under a fiat currency system without the discipline imposed by gold backing.
The dollar lost over 87% of its purchasing power since 1971, with some gold price analysis suggesting the decline could be as high as 98% when accounting for changes in calculation methodologies for inflation.
Housing costs have skyrocketed relative to incomes. Median home prices rose more than 1,600% while median household income increased only 475%, making homeownership increasingly unattainable.
The top 1% captured most economic gains as the middle class hollowed out, leading to wealth concentration levels not seen since the 1920s. This bifurcation of economic fortunes accelerated particularly after financial deregulation in the 1980s and 1990s.
Why #Bitcoin is a hedge against inflation:
Bitcoin has a capped supply of 21 million.
The decentralized nature of Bitcoin means it is not directly influenced by government monetary policies.
As more people and companies adopt Bitcoin, its value increase, offsetting inflationary pressures.
Some life changing recommendations from Robert Kiyosaki, the mastermind behind the novel, „Rich Dad Poor Dad“.
“Money is debt, that's how money is created, borrow money and buy assets, not liabilities.”
“If someone punches you and you fall down, thank him and come back stronger. That's gonna safe you.”
“Don't save in money, governments and banks can print it out of nothing, use this money, to buy sustainable assets.”
“1st The rich don't work for money, the rich work to acquire assets. 2nd Savers are losers, inflation and taxes are robbing you. 3rd Your house is not an asset.”
“The school system will never teach you about money, the school system was designed to teach you to be a good employee.”
“#Bitcoin is designed to go up in value, the dollar goes down, Bitcoin goes up.”
US Economic Indicators This Week
US economic indicators such as the Leading Economic Index (LEI), Services PMI, and Manufacturing PMI pose potential impacts on #Bitcoin’s price, possibly influencing investor sentiment.
A strengthening US dollar, supported by positive services data, could diminish Bitcoin’s appeal, while underperforming manufacturing metrics may weaken overall risk appetite among investors.
Key events this week:
Monday: US Leading Economic Indicators
Tuesday: Various Fed presidents speak
Wednesday: - S&P flash U.S. Services PMI
- S&P flash U.S. manufacturing PMI
- New home sales
- Fed Beige Book
Thursday: - Initial jobless claims
- Durable-goods orders
- Core durable orders
- Existing home sales
Friday: Consumer sentiment
Conclusion
Assessing the week ahead, it is evident that US economic indicators such as LEI, Services, and Manufacturing PMIs will play a crucial role in shaping Bitcoin’s price trajectory. With prevailing market uncertainties, especially linked to consumer sentiment and jobless claims, investors must navigate this landscape carefully.
Some books i can recommend:
Zero to One - Peter Thiel
Thinking Fast and Slow - Daniel Kahneman
About the Psychology of Money - Morgan Housel
The Black Swan - Nassim Nicholas Taleb
Tower of Basel - AdamLeBor
The Daily Stoic - Ryan Holiday
The Shards - Bret Easton Ellis
The #Bitcoin Standard - Saifedean Ammous
Meditations - Marcus Aurelius
The Fourth Turning and The Fourth Turning Is Here – Neil Howe
Rich Dad Poor Dad – Robert Kiyosaki
The Silence of the Lambs - Thomas Harris
Marathon Digital CEO Fred Thiel: “My recommendation, to my kids, for example, is they put just a little bit away every month in #Bitcoin, forget about it and just watch it grow.”