Is Bitcoin Too Volatile and a Bad Inflation Hedge?

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In this video, I discuss the Fed's recent blog post on Bitcoin and eggs, as well as whether Bitcoin is too volatile and a bad inflation hedge.

The Fed article seems to have cherry-picked its data, in an effort to make Bitcoin look bad. Measured over longer time periods, all commodities are volatile, whether priced in Bitcoin or US dollars.

The biggest difference is that Bitcoin preserves your purchasing power over multi-year periods, unlike the US dollar. Eggs, wheat, gasoline, other commodities, and houses keep getting cheaper for Bitcoiners.

Even if you purchased all of your Bitcoin at the December 2017 cyclical peak, Bitcoin has still been an excellent way to hedge CPI inflation.

When you are a Bitcoiner, everything around you keeps getting more affordable over time. It is the exact opposite of holding your savings in US dollars, where you are constantly swimming upstream.

The very fact that the Fed felt the need to write a blog post like this shows that we are winning. This weird little software program called Bitcoin is taking over the world, and the Fed knows it.

Note that the Fed did not attack Ethereum, Solana, or any other crypto. Bitcoin is the only real threat to central bankers and politicians, and there is no alternative.

Not investment advice! Consult a financial advisor.

Buying eggs with Bitcoin:
https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
https://fred.stlouisfed.org/graph/?g=PUbY

Egg price chart:
https://fred.stlouisfed.org/series/APU0000708111

Gasoline price chart:
https://fred.stlouisfed.org/series/GASREGW

Housing price chart:
https://fred.stlouisfed.org/series/MSPUS

US dollar is a terrible store of value:
https://www.newsbtc.com/wp-content/uploads/2019/02/purchasing-power-of-the-us-dollar-1913-to-2013_517962b78ea3c_w1500.jpg

"Bitcoin is too volatile" meme:
https://mobile.twitter.com/JoeConsorti/status/1533930182767165442/photo/1

Consumer Price Index:
https://fred.stlouisfed.org/series/CPIAUCSL

Bitcoin DCA calculator:
https://www.bitcoindollarcostaverage.com/

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#inflation
#Fed

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