4 ms·

So you agree that BTC is money. ;) But I think parent commenter is correct. The bread price increases because of inflation of the USD denominated inputs. What

So you agree that BTC is money. ;) But I think parent commenter is correct. The bread price increases because of inflation of the USD denominated inputs. What you can buy with BTC changes because of changes in currency swap prices. In Zimbabwe during hyperinflation a dollar would buy you the same amount of e.g. bread because the goods inputs were priced in USD, but it would cost vastly more in Zimbabwe dollars on a day to day basis.

Nursie 4y ago
Look up inflation as it is used by governments and economists, journalists and really everyone except internet 'Austrian' fans. It's a measure of the increase of prices compared to currency value. Currency supply change can be one of the forces which affect it, but it's far from the whole picture.