The Simplest Bitcoin Book Ever Written
Another way to look at it is the following:
In 1971
, the cost of a house =
2.5
times an average annual salary.
In 2024
, the cost of a house =
8.6
times an average annual salary.
In 1971
, a new car cost about
1/3
of an average salary.
In 2024
, a new car cost over
3/4
of an average salary.
I trust that it is now clear that
inflation
does
not
work in your favor
Note:
All of these numbers are averages, and variable based on many
factors. The point remains, inflation is a hidden tax and is
time-theft on our real labor and production.
Hard money fixes this.
Bitcoin is hard money.