First iPhone ever released $400 (June 2007)
10 years later
iPhone 8 cost $700
iPhone X cost $1000
take average of these 2.
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I'd say its a pretty accurate inflation indicator
LOL.
You just summed this thread up with this example.
Thank you.
EOT;
In my opinion bitcoin had rise significantly big right now that even the people that don't know what to do with bitcoin have the most interest in earning it even if they don't have any idea how to, you can surely use that term of an Iphone changing it's price significantly too, that is a big leap of price we can see that a lot of people are doing right now and that is to convert their Fiat to bitcoin.
Yes, for sure. I spent all this year studying US inflation data, I found a lot of indicators that suggests a much higher inflation than govt has been presenting(2%). There are many inflation indicators between 6-10%(if you use 80s method you will reach 10%) and it scares me because we all know that to an inflation became a hyperinflation is quick as flash. Although the current US inflation calculation methods are not transparent the evidences is very solid. I never thought about the iphone but it really makes sense as another great example. Regards, phrost.
And it's no wonder that Bitcoin shows up as the best investment of the past 2 years.
-x-
Keep calm buy bitcoins and be phrost.