Bitcoin allows a true free market where prices fall to the marginal cost of production. This means that when we live on a Bitcoin standard, our cost of living decreases over time and we can purchase more and more goods and services with less and less money. That also means that our purchasing power increases over time and we need to work less and less! I know, it sounds like our current world upside down, because it is! If you don’t believe me, give this exercise a try:
Enter your cost of living today and compare it with your cost of living eight years ago in USD and in Bitcoin. The calculator below will automatically fetch today’s Bitcoin price (sourced from coinbase.com) and display it in sats which are smaller denominations of Bitcoin. Also enter your expenses to view what that would have cost in Bitcoin and in sats eight years ago. You can add your own custom expenses by clicking on the “Custom Expense” button. If you need to convert your expenses to USD, you can use a free tool like XE’s currency converter. For simplicity, we will ignore inflation for this exercise, but you can calculate it manually if you would like. You will see how your purchasing power increases over time in Bitcoin terms:
Bitcoin Purchasing Power Today
| Expense Type | Amount (USD) | Amount (BTC) | Amount (Sats) |
|---|---|---|---|
| Rent/Home | |||
| Groceries | |||
| Transportation | |||
| Leisure | |||
| Total | $0.00 | 0 BTC | 0 sats |
Bitcoin Purchasing Power 8 Years Ago
| Expense Type | Amount (USD) | Amount (BTC) | Amount (Sats) |
|---|---|---|---|
| Rent/Home | |||
| Groceries | |||
| Transportation | |||
| Leisure | |||
| Total | $0.00 | 0 BTC | 0 sats |
Disclaimer: The information provided in this tool is for educational and informational purposes only. While we strive for accuracy, the values displayed are based on historical data and may not reflect real-time market conditions. The calculations provided here are approximate and should not be considered financial advice. We do not guarantee the accuracy, completeness, or timeliness of the data or calculations.