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62 sats \ 1 reply \ @OriginalSize 11h \ on: Is increased merchant adoption reducing bitcoin's purchasing power? econ
One bitcoin buys $107,353 right now. That's not too shabby.
It's not, but I started wondering about this when people expected the price to rise when Steak n Shake and Square started accepting bitcoin.
I think that was the wrong expectation, and not because there weren't enough people spending bitcoin.
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