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170 sats \ 2 replies \ @joda 1 Mar \ on: BTC has hit ATH in 66 countries- A Visualization charts_and_numbers
So currencies that are rapidly devalued/debased, Bitcoin is mooning. But in terms of purchasing power accounting for inflation, Bitcoin is "down" so to speak. Even if Bitcoin reaches $70k USD, that isn't an ATH in purchasing power.
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0 sats \ 1 reply \ @jp305 2 Mar
What would make Bitcoin purchasing power higher? wider adoption?
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0 sats \ 0 replies \ @joda 2 Mar
Just outpaced demand.
Like does it matter if 1btc = $1M usd if a hamburger costs $10,000?
I'd like to see BTC measured in purchasing power for a basket of goods (could use the government one).
What I really want to know is "are people struggling or prospering?"
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