marketmusician

BTC/USD (THE REAL VALUE)

I came across this chart a few days ago and saw @vajolleratzii talk about it again today on Youtube so I wanted to point out where Bitcoin ACTUALLY is when you take USD inflation into consideration.

We are currently just about at the same level as the 2019 highs, which is likely to prove as a short term resistance level .

Insane.

Comments

Nice chart
+4 Reply
Very interesting. Makes sense to chart it that way. Specially since that's Saylor's main argument for getting everyone on board. Dollar devaluation.
+1 Reply
@altinAdam, Thank you :) Yes precisely!
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Wouldn't that put a gallon of milk at like $15...considering the high of 2019 was 14k and current price is roughly 55k+... (55k / 14k) * $4) = $15ish... $4 being the cost of milk. I don't understand this chart.
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How do you read this chart? I’m not seeking the current values just numbers below 10.00
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Nice
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