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.
@ChrisMMillas@BritishHodl He used to give actual insight. Now it’s just nonstop rage, name-calling, and trashing anyone who disagrees.
Just loud and bitter. Sad decline.
He's turned into British HOLLOW.
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.