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That's a 9.3% annualized rate of inflation. One could argue that this is the real rate of inflation over the past 55 years.

💬 13 replies

Replies (13)

dvo48d ago

and they say bitcoin will have diminishing returns based on the law of large numbers. I think the surge in the price of gold tells a different story of what's to come

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Frank Corva48d ago

Agreed. At the same time, I think unit bias as it pertains to bitcoin will dissuade some pre-coiners from buying, though.

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dvo48d ago

not if block can fix that! 😆

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Frank Corva48d ago

😂

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MrTea48d ago

All the more reason for those people to start with the ETFs

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TKay48d ago

The scary part is that it’s accelerating.

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Frank Corva48d ago

Agreed. I think we easily see gold at $10k/oz before 2030. (Probably much sooner.)

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Artur…qywr48d ago

Yes. It doesn’t seem obvious because of technology and fake food.

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Frank Corva48d ago

Good point.

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Frank Corva48d ago

I’d imagine that’s true

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Frank Corva48d ago

I’m not sure I follow

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MrTea48d ago

The ETFs trade at a share price and not $87000. It’s easier for noobs to wrap their brains around $65 per share. The unit bias problem is somewhat mitigated by the ETFs was my point

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Frank Corva48d ago

Ah, I see. Yeah, that’s true. When it comes to people buying actual bitcoin, though; I think we may be better off moving to an sats/dollar metric.

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