This image shows how a price increase of 144.5% has impacted the value of 1,000 Norwegian kroner from 1988 to 2024, which now equals 2,445 NOK. With #fiat currency, you lose purchasing power due to #inflation, whereas #Bitcoin is designed to protect against such devaluation over time. A currency that can’t be printed infinitely is key to preserving your purchasing power!
…and remember, this is based on the CPI as the calculation basis…
#BitcoinNorway
#Bitcoin
#BitcoinCommunity
#FreedomWithBitcoin
#NorwegianBitcoin
#LightningNetwork
#Norsats
#Decentralization
#EconomicFreedom
https://m.primal.net/LdGB.png
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
https://m.primal.net/LXZK.jpg
Happy to see your commitment in UK, and thanks again for sharing your precious time with us Norwegians who dream of achieving similar results as you! ⚡️🍊
Hey #Nostr! 👋🏼 We are Norsats. A handful of Norwegian bitcoiners who want to spread the adoption of bitcoin in Norway and abroad, one ⚡️ address at a time. Please check us out at www.norsats.no
#introduction
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