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A Loaf of Bread Used to Cost 1 BTC; Now It Costs 0.0001 BTC … now try that with dollars (2-minute audio clip from Anthony Pompliano)

A Loaf of Bread Used to Cost 1 BTC; Now It Costs 0.0001 BTC … now try that with dollars (2-minute audio clip from Anthony Pompliano)



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4 Comments

  1. I think these types of comparisons are pretty trivial at this point even thou I do believe in bitcoin as a protection from inflation. Of course an asset that was born a few years ago with zero value would be sharply increasing its purchasing power against fiat currencies during its adoption phase.

    The concept is correct, but these types of analogies are without much merit and so called experts professing them as scripture is somewhat unsettling.

  2. This is my shower thought based on my overly simplified view of the world and bad math.

    Let’s say there is $250,000,000,000,000 dollars currently in the world and 21,000,000 btc. We just convert all the money into Bitcoin so 1btc = roughly $12,000,000.

    A loaf of bread costs roughly $1 currently therefore it should cost around 0.00000008 BTC.

    Hoorah

  3. I’m pretty sure a reasonable (!) inflation for currency is a good thing. If a loaf of bread used to cost $1 and now it’d cost only 1/100 of a cent, then you would have been stupid to ever buy a loaf of bread, or anything else for that matter. Inflation forces people to invest their money.

What do you think?

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