Post
Topic
Board Bitcoin Discussion
Re: Stop comparing BTC to FIAT. FIAT is dying every single day.
by
Gallar
on 03/05/2023, 14:20:19 UTC

Look at $100k.

Now imagine owning $100k 20 or 30 years ago. Wow, that was a lot of cash! You could have bought a home, maybe a nice car and still have some money left in the bank.

Today... do the math and see what you can buy Grin

Inflation is killing FIAT every single day.
Even though fiat money is annually eroded by inflation, it actually doesn't have a big effect on human life. Because the evidence is that people who lived 20-30 years ago could buy food, vehicles, and luxury homes. Nowadays too, many people can afford it. So what I have felt so far, when inflation comes, it will be hard at first, but over time everything will return to normal as usual. So basically even though inflation is approaching, sooner or later all of that will be accompanied by adjustments or solutions.

So stop comparing BTC to FIAT and see the true value of Bitcoin. Don't go "wow" when BTC hits $100k. Because $100k today doesn't value that much anymore. It's still low.
~

I think comparing bitcoin to fiat money is not a big deal, because by comparison, it becomes a very effective measure of the bitcoin price cycle. And actually comparing everything that exists on this earth is one very good way to make this world develop, because by comparing anything, we come to know what gaps are in it, and in the end we can cover these gaps.