Post
Topic
Board Bitcoin Discussion
Re: why is bitcoin price important?
by
larry_vw_1955
on 23/08/2022, 03:30:34 UTC

sometimes it's true what you say, people are too concerned with the price of bitcoin and don't discuss how to use it and others maybe that's what you mean, I agree in your thoughts and also your question because I'm also on this forum sometimes only discussing bitcoin prices in threads me, you made me realize I should have made more important posts about bitcoin than discussing prices

The annual inflation rate in the US slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June...


so if someone in the usa is holding bitcoin as an investment then their opportunity cost is about 8.5% they need bitcoin to be going up by that much annually just to break even. 8.5% is not huge but it's still something to keep in mind that there is a hurdle to overcome just to break even.