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 But the spending power of the USD reduced too due to inflation  
 Yes, so only 500% 🤣 
 That's why I like comparing the total bitcoin market cap to the gold total market cap. The all time high is around 10% by that standard.

When #bitcoin becomes more valuable than gold, gold might be 30k an ounnce. It's not a perfect yardstick, but it's better than fiat.