We all say Bitcoin is the best hedge against inflation, but saying this while keeping the ATH in $ is a bit misleading, isn't it, since the $ is also losing purchasing power, so how about we take a look at BTC ATH from a different angle, just to pass some time before it hits 100k
So, just like my other topics that are more regional related:
Community research: To drink or to buy coins?
Days you need to work your ass at minimum wage for a BTC, by country
how about we express the local ATH by comparing it to food specific prices, that would be far more interesting and and also down to earth approach!
Feel free to do this with any food/groceries/drinks stuff you know the price for back in 2021 in November!
We take the extreme ATH of 69 000.
So , an example of it:
Coca cola - USA prices
It was $1.95 back in November, it's 2.68 right now at Walmart so (69000/1.95)*2.68 so in Cola the ATH is 94,830!
Europe, upper quality pork meat:
It was 12.49E in November 2021 , right now 14.99 so (56000/12.49)*14.99 , the ATH is 67,208 (euros)!
Eggs, now this one is funny, I have to prices saved
- the 20 pack is down from 22cents to 20 cents (same brand)
- the 10 pack is up from 20 cents to 24 cents (same brand again)
So here we're going to stick with the ATH at the same level
Adding a bit of flavor to the ones that have increased the most, chips and other snacks:
Pringles Original, the receipt says 1.38, now the same shop is 1.99
So again the math (56000/1.38)*1.99, so that would be 80,753 (again euros)!
I'm really curious at the contributions from other countries, those hit more by inflation!
Hint, you can easily get those prices if your local superstore chains has leaflets, just search for them with the 2021 term, you for sure will hit an archive in the searches!