In the current financial system, your wages rise over time but you lose purchasing power.
1971: ~$10,000 average annual income could support a family of 4.
Today: ~$60,000 average annual income can barely support an individual.
Bitcoin fixes this.
On a Bitcoin standard, you will see smaller nominal figures over time for income and prices, but the purchasing power of your savings will increase over time.
In 2009: 1 BTC bought nothing
In 2012: 1 BTC bought 1 fast food meal ($12.48)
In 2016: 1 BTC bought 2 weeks of groceries for a family of 4 ($654.76)
In 2020: 1 BTC bought 6-8 months of groceries ($9,314.28)
Today: 1 BTC has the purchasing power to buy ~4-5 years worth of groceries ($70,380.64)
In 2028, what will 1 Bitcoin buy? What will 0.1 Bitcoin buy? How about 0.01 Bitcoin?
Bitcoin's purchasing power increases over time because it has a finite supply and can fulfill all the functions of money.
rajatsonifinance / RajatSoniFinance
npub1ew…4k3yt
2024-03-27 12:47:28
Author Public Key
npub1ewjtrpve0y42ak0tj4r0esp62p6uvpx57sukfaphtqlzedrfl04sl4k3ytPublished at
2024-03-27 12:47:28Event JSON
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"pubkey": "cba4b18599792aaed9eb9546fcc03a5075c604d4f43964f437583e2cb469fbeb",
"created_at": 1711543648,
"kind": 1,
"tags": [],
"content": "In the current financial system, your wages rise over time but you lose purchasing power.\n\n1971: ~$10,000 average annual income could support a family of 4.\n\nToday: ~$60,000 average annual income can barely support an individual.\n\nBitcoin fixes this.\n\nOn a Bitcoin standard, you will see smaller nominal figures over time for income and prices, but the purchasing power of your savings will increase over time.\n\nIn 2009: 1 BTC bought nothing\n\nIn 2012: 1 BTC bought 1 fast food meal ($12.48)\n\nIn 2016: 1 BTC bought 2 weeks of groceries for a family of 4 ($654.76)\n\nIn 2020: 1 BTC bought 6-8 months of groceries ($9,314.28)\n\nToday: 1 BTC has the purchasing power to buy ~4-5 years worth of groceries ($70,380.64)\n\nIn 2028, what will 1 Bitcoin buy? What will 0.1 Bitcoin buy? How about 0.01 Bitcoin?\n\nBitcoin's purchasing power increases over time because it has a finite supply and can fulfill all the functions of money.",
"sig": "ca1e6e6ee759c5a466a0b6dab5be6af2d2ec3532ea1e8f99869f976328f68450df7dec37c459384fc2591a22b939ff64259115b3ff69ef0712e18678502f5419"
}