The above chart is the US Dollar vs Bitcoin.
If more people understood this America would be a much different place today.
Just this year the US Treasury has printed 24% of all US Dollars in existence. Think about that for a moment. America is 244 years old, yet in 11 months we’ve printed 24% of all the money in existence.
Lets look at a basic example that doesn’t include the dollar or Bitcoin. Take oranges, Florida grows a large portion of the oranges you see in the store. When Florida has a great growing season without any frost or bugs or whatever can damage a crop the price of oranges are very cheap. Why? Because the supply of oranges is great but when a frost or something else damages the crops the price of oranges magically goes up drastically. It’s not magic, it’s basic economics, prices rise because the supply falls yet the demand is still large.
With the US, as well as just about every country, printing money like the Florida orange groves growing oranges under perfect conditions the dollar is losing purchasing power like we’ve never seen in our lifetime. Just this year along the US dollar has lost 4.9% of its purchasing power as of the time of this writing. That $100 you had in your pocket on 1/1/2020 is now worth $96.10. Conversely Bitcoin was created by math and a limited supply of 21,000,000 Bitcoin, they’ll never be more, nobody can make more, that’s it, completely limited. So with that said Bitcoin is like the Florida orange groves trying to grow oranges yet they are plagued by frost, bugs, etc, which keeps killing off their crops. And to make the situation even better for Bitcoin the demand continues to grow for Bitcoin as more and more people around the world are waking up to its advantages. Just two years ago there were about 40 million people using Bitcoin, today we have over 100 million and growing. Remember that $100 you had on 1/1/2020 well if you had it in Bitcoin today it would be worth $164, meaning it would buy you $164 worth of stuff.
Its simple supply and demand economics people. Don’t believe me? Do your own research as this is not investment advice, after you do the research you’ll come to the same conclusion as myself.
This Thanksgiving while ur sitting around show your friends & family this chart and this article, maybe they’ll finally get it.