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by Auracle 1378 days ago
That all depends on the timeframe you’re looking at. The Bitcoin I bought (not nearly enough of) at under $80 is doing a lot better than any cash I still have from around then.

A year or two from now Bitcoin very well might be back above it’s all time high.
1 comments
dragontamer 1378 days ago
When people are complaining about the declining purchasing power of USD, they are mostly talking about since November 2021, because that's when inflation started to really kick in.

Its ironically, also when BTC really began to collapse from its $60,000 high. So it really demonstrates how much the BTC was benefiting from low-interest rate / inflationary policies.

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SketchySeaBeast 1378 days ago
> So it really demonstrates how much the BTC was benefiting from low-interest rate / inflationary policies.

It's almost like it's not a hedge at all and just another part of the exact same game as the rest of the market.

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hajile 1378 days ago
Inflation numbers for December of 2021 were 6.8% CPI and 9.6% for wholesale (way higher when you look at goods only rather than services).

CPI was nasty for most of June 2020 to June 2021. It's just that fewer publications were picking up the story yet.

https://www.bls.gov/news.release/archives/cpi_07132021.pdf

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