Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin's market position inflation corrected
by
Bialke
on 11/06/2023, 03:25:11 UTC
On February 9th, 2011 Bitcoin had a market position (price) of 1 USD.

Now, on June, 11th, 2023, the market position of Bitcoin is ~25,000 USD. But is this right? A lot of "money people" or "Bitcoin maximalists" are telling this story. But this is not true at all. Inflation corrected is around 30 to 40 percent of the ~25.000 USD. So it is basically a market position (in relatopn of the value of 2011) of ~12,000 USD.

This is also really good,

but it shows to things:

1. Bitcoin is FIAT-bounded, and through exchange rates, has a worse inflation rate as FIAT.

2. Nearly every aggregator and exchange which is showing Bitcoin rates not indlation corrected is scamming! (To pump FIAT in the market.)

Prove me wrong, I would love to be wrong! But I am not.