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Fiat food? Bitcoin Big Mac Index crashes below 10,000 satoshis for the first time ever

Fiat food? Bitcoin Big Mac Index crashes below 10,000 satoshis for the first time ever



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  1. Gold may [buy](https://cointelegraph.com/news/bitcoin-better-than-gold-if-you-study-it-fund-manager-tells-mainstream-media) less and less Bitcoin (BTC) this year, but another measure of the cryptocurrency’s strength has just hit a historic milestone. [Data](https://twitter.com/ecoinometrics/status/1372623842561073152) from on-chain analytics service Ecoinometrics shows that on March 17, the so-called Big Sats Index saw a United States McDonald’s Big Mac cost less than 10,000 satoshis for the first time.

    As Saifedean Ammous argues in “The Bitcoin Standard,” both the trillion-dollar forex market and the rise of the nutritionally controversial burger are the results of the abandonment of the gold standard and the embrace of money with no supply limit, and the resulting desire for instant gratification at the expense of long-term prosperity.

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