Is it possible to calculate the bitcoin or Ethereum price relative to strength of dollar in that particular time?
See bitcoin might be worth whatever in dollars right now , but 20k in 2017 was worth much more than 20k$ in 2022 right?
So would it be too low to say right now bitcoin that is worth barely 20k$ is actually worth like 15k$ 2017 dollar value all things considered/ money printing/inflation?
We need some advanced statistics to measure the wealth because pure Dollar ratios are useless!
How many big macs per bitcoin in 2017 ?
How many big macs per bitcoin in 2022?
I think we are losing significant information about value if we simplistically deduce everything to Dollar value and conclude you can compare values year to year
Like 25% dollars ever existed were printed since like 2020
Are we plebs that dumb we can’t create a better ratio?
Bitcoin/Big Mac
Bitcoin/ Cigarette pack in Australia
Whatever we must do better because strictly Dollar ratio is fools errands!
submitted by /u/Much-Weekend-8882
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