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2 sats \ 1 reply \ @ExponentialBTC 18 May 2022 \ on: UK inflation soars to 9%, the highest level in more than 40 years bitcoin
Consumer Price Inflation in the UK came out at 9%.
Put another way: if CPI continues at this pace, your fiat value is halved in ~8 years.
https://i.postimg.cc/br1bVNML/FTBgl-UFVEAI9-V2-J.png
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20 sats \ 0 replies \ @JustSomePleb OP 18 May 2022
Yes, I think this concept is lost on many. Some know about compounded interested on savings or investments but don't consider the reverses effect on purchasing power with inflation.
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