Let’s take a look at the price development of a 500g pack of butter over time:
•2013: 30 NOK | 0.06 BTC
•2016: 35 NOK | 0.04 BTC
•2019: 40 NOK | 0.001 BTC
•2023: 55 NOK | 0.00013 BTC
While the price of butter in NOK has increased by over 80% in 10 years, the price in BTC has dropped significantly. This highlights how fiat money loses purchasing power through inflation, whereas Bitcoin stands as a deflationary alternative.
Btw, for all non-Norwegians reading this note:100 NOK is currently equal to 9.23 USD and 8.47 EUR
#Bitcoin #Norsats #Inflation #FreedomWithBitcoin #Decentralization
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