Quick Take

At roughly 4% inflation per year, you will lose 50% of your net worth in roughly 16 years, according to inflationchart.com.
A better measurement would be oil, a commodity similar to Bitcoin. A lot of energy and time is needed to extract oil as opposed to a fiat currency,
Looking at this chart, 306 barrels of oil are currently equivalent to one Bitcoin, which continues to make higher highs.
This shows the true value of Bitcoin increasing, up 22,000% against oil, since 2010.
As we move into an inflationary environment, it may be better to denominate Bitcoin as a commodity rather than the USD.
Due to the currency’s volatility and inflationary nature, it may not be the best medium to denominate Bitcoin value moving forward.
BTC/Oil: (Source: inflationchart.com)

The post Bitcoin outshines oil on increase in value since 2010 appeared first on CryptoSlate.

---

Filed under: Bitcoin - @ May 31, 2023 8:14 pm