36 sats \ 2 replies \ @_stacktoshi 10 Nov \ on: Bukele investigates supermarkets for price hikes in El Salvador Politics_And_Law
As long as the barrier to entry is low, let these “mafias” price their products however they want. Methinks rising prices might have something to with rising living standards and demand increasing compared to supply. Aren’t foreign bitcoiners adding to demand??
I don't think the mass of foreign bitcoiners would have influenced the prices really much. There would have been more businesses accepting bitcoin than is now.
Perhaps the price could be influenced by external markets, el salvador imports much food, vegetables for sure. Being almost free of tariffs.
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More stores accepting bitcoin wouldn’t affect supply and demand of the products though, right? Hasn’t purchasing power for food has gone down in BOTH currencies? I assume if prices rise in one currency, it rises in the other too.
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