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0 sats \ 0 replies \ @TwoLargePizzas 28 Mar 2023 \ on: Bitcoin’s Price is Important bitcoin
Stop pricing Bitcoin in US Dollars and start pricing US Dollars in Bitcoin.
That's the way I like to think about it. BTC is the only money ever created to have a fixed supply. That makes it a very good measuring tape against everything else.
You can price anything in anything. For example, in the 1970s a house cost about 95,000 cartons of eggs. Today a house costs about 90,000 cartons of eggs. In other words, houses are getting cheaper relative to eggs.
That's pretty profound when you think about it. And it highlights how silly it is that we use dollars to measure price.