As as of November 10th 2020:
The US Dollar has lost 4.3% of its purchasing power due to inflation which the government claims is only 1.3%. Obviously they’re wrong but when you don’t include food and gas in the calculations of inflation it’s easy to keep the figure low.
Bitcoin has gained 114% in purchasing power due to its limited supply. We know there will never be more than 21 million Bitcoin, it’s in the software code. As long as demand for Bitcoin continues to rise than basic economics tells us the price will rise because we know the supply is truly limited. This will lead to an increase of purchasing power of Bitcoin over time.
That $100 you had on Jan 1 now buys $95.70 of stuff while that $100 of BTC now buys you $214, this is just the beginning. The dollar is destined to fall in purchasing power while Bitcoin is destined to rise in purchasing power.
Im still waiting for the bt. Price drop to land before buying if agin