Piecover on Nostr: Inflation is a vector that compouds overtime, real inflation is up 11% a year that's ...
Inflation is a vector that compouds overtime, real inflation is up 11% a year that's a 54.96% loss in purchasing power over a 4-year period. So $1000 from 4 years ago can only buy you $450.4 worth of stuff.
In the other hand, #Bitcoin provides a compound growth of 50% a year on average, that's a 609.55% increase in purchasing power over a 4-year period. So $1000 from 4 years ago will buy you $7095.46 worth of stuff.
Learn more at piecover.com
Published at
2024-09-19 21:37:54Event JSON
{
"id": "340c103c6a7f3a7c3d86d5d557a8568cb30f699317b5ef5c3ad87d77a8768654",
"pubkey": "ad558fb5cbf53d44f00b1f73ebb976ce7e4cb425b6b3739a4096bca3c3f355a8",
"created_at": 1726781874,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"bitcoin"
],
[
"r",
"piecover.com"
]
],
"content": "Inflation is a vector that compouds overtime, real inflation is up 11% a year that's a 54.96% loss in purchasing power over a 4-year period. So $1000 from 4 years ago can only buy you $450.4 worth of stuff.\n\nIn the other hand, #Bitcoin provides a compound growth of 50% a year on average, that's a 609.55% increase in purchasing power over a 4-year period. So $1000 from 4 years ago will buy you $7095.46 worth of stuff.\n\nLearn more at piecover.com",
"sig": "e7072ca55a634facd4b0ed45f9e88a3dbbca80c5ec91777508c88480e6df4bc597540b7aa48a6f4b0fe8f5553e3d1425d585650bc50716578f58e4b02ca0dfda"
}