Price Everything in Bitcoin
Things Get Cheaper on a Bitcoin Standard
Inflation is a wealth killer.
Americans who save in US dollars have lost nearly 22%1 of their purchasing power since 2020.
Having money that loses its purchasing power over long periods of time alters our incentive to save. Why hold a form of currency that melts like an ice cube when you can just spend it right now?
In order to beat inflation, you have to own assets to survive. For most people, passive investing strategies such as index funds tend to be the default choice. The S&P has delivered an average annual return of 10%2 before inflation.
Those with higher net worths turn to real estate, but for younger Americans who are just starting their careers, this is out of reach.
Commodities like gold and silver can be an option as a historically good store of value, but they tend to underperform the stock market in the long-term.
Instead of “investing,” what if you could save in a different currency that didn’t inflate…
What if you were to stop using the US dollar?
That seems impossible. Our entire economy runs in dollars. Even I still use Venmo to pay my friends back for dinner.
I’ll revise the question: What if you were to stop using the US dollar as long-term savings?
If only a new form of money/currency existed where your purchasing power increased over time…bitcoin.
Maybe you start by saving $100 in bitcoin every week and you don’t touch it for at least 10 years.
There’s a great website that prices all everyday items in bitcoin instead of dollars:
Let’s look at some items priced in bitcoin at the time of the writing of this article.
Groceries have gotten cheaper in bitcoin terms:
The S&P 500 priced in bitcoin:
Median New House in the US priced in bitcoin:
For the majority of goods, services, and assets, everything has gotten cheaper over time when priced in bitcoin.
Bitcoin is the asset of the 21st century, and there isn’t a better time to start studying bitcoin and using it as long-term savings technology.