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?" 

What would make Bitcoin purchasing power higher? wider adoption?

jp305

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.

charts_and_numbers

BTC has hit ATH in 66 countries- A Visualization

sorukumar

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. 