The American household saves 2.8% of what it takes home.
One bitcoin costs about $78,000.
Do that division. Thirty-four years of setting aside everything you set aside, for one coin, assuming the price never moves again.
And that is before tax, so the real number is worse.
October CPI increased 0.4%, following September's 0.6% increase.
That's 1% cumulative inflation in just two months. Annualizing that pace produces roughly 6.2%,
@SimplyBitcoin Painful, but you’re comparing the previous cycle’s all-time high with the current cycle’s bottom, which by the way, was “only” about 50% below the prior cycle’s peak.
Bitcoin is maturing.
A $100K salary growing 3% annually reaches approximately $134K after ten years.
At 4% annual inflation, its purchasing power falls to roughly $91K in today's dollars.
Ten years of raises, but approximately 9% less purchasing power.
Americans saved just 3.8% of disposable income in September.
Someone taking home $5,000 monthly would save $190 at that rate.
At today’s Bitcoin price, accumulating one BTC would take approximately 33.6 years, assuming the price never changes.
The US collected $5.4 trillion in federal revenue last fiscal year and spent $7.4 trillion.
For every $100 collected, Washington spent approximately $137.
They'll never stop printing. Fiat is THEFT.