"If you think you actually own the crypto you buy on Coinbase, you are absolutely wrong." ...?

Why can 10,000 BTC buy 60 million pizzas right now? Why does it not still cost 10,000 BTC for 2 pizzas? Please explain this to me without comparing the value of pizza to anything other than BTC.

answer: EXPECTED inflation in the country specific fiat relative to the Expected return of the BTC
 
So you are buying BTC with fiat. So what purpose does BTC have outside of fiat?

Nothing, because without fiat, BTC is worthless. BTC is basically a crazy form of FOREX, but based on nothing but pizza value, which is priced in fiat.

Nothing is priced in BTC, because without fiat, there is NO BTC value.

um. BTC/ETH. once the fiat is converted, it's crypto for crypto. what's a gold bar buy? the crypto is attempting to become a store of value.
 
answer: inflation in the country specific fiat.

When it cost 100K BTC to buy 2 pizzas, 'round these parts it cost 20 USD.

Today that same 20 USD will buy 1.9 pizzas. There's something wrong with your idea about inflation in the country-specific fiat.
 
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