r/Bitcoin•
debanked

Measuring the future price of bitcoin in USD is futile

I believe bitcoin will stablise where 500 satoshi will be the price of a Big Mac

In the not too distant future, if you want a Big Mac in USD, you'll need a Zimbabwean style billion dollar USD note, but by the time you reach the front of the queue it will be worthless. So the idea of using USD for measurement is futile, the Big Mac Index is a simple way to measure purchasing power as you don't have to adjust for the hyperinflation of the USD

I'm waiting for it to drop to 5000 sats by the end of 2021

Posted May 18, 2021, 9:51 PM UTC

01
llewsor•

“bitcoin has no top because the dollar has no bottom”

1