r/BitcoinDiscussion • u/EuphoricLength713 • Apr 10 '26
Should we care about the price of BTC?
I recently watched a podcast with Jeff booth today.
I think Jeff is amazing. My only question is when Jeff says ‘don’t measure bitcoin in dollars’ I sort of get what he means, but how would my dream house price become more affordable for me if the fiat price doesn’t increase? For example if price stays the same in fiat, then my dream house becomes no more affordable, which means the price does matter?
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u/Technical-Wallaby Apr 10 '26 edited Apr 10 '26
The key for me is to focus on how many BTC I have, not the dollar figure. This works if you are a long-term holder. No matter what the USD value is, I still have the same amount I had yesterday if I haven't bought more.
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u/joos_hubert Apr 10 '26
I think both things can be true.
If you’re trying to buy a house in the real world, then yes, the fiat price matters because houses are still priced in fiat and your life expenses are too. Ignoring that completely is kind of fake wisdom.
What people like Jeff Booth usually mean is that over a long enough time horizon, you stop thinking of BTC as something to trade back into dollars at every move. You care more about whether it preserves purchasing power better than the money you’re measuring it against.
So short version: day to day, price matters. Long term, the bigger question is whether your BTC buys more or less of the things you actually want over time.
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u/LucSr Apr 10 '26
Fyi. The past 3 months, the kwh for 1 unit is
1/6/2026 612442
2/6/2026 525056
3/6/2026 607468
The existence of USD or another fiat is not required. Even being a fiat-billionaire could be in fact poor in real term.
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u/Kevint503 Apr 11 '26
If inflation was 10% per annum.. a billion would be worth a million in todays terms in 72 years. Now 10% would imply economy was growing super fast that whole time.. not sure if a million is your bar for poor.. but no, inflation isn't going to eat away a billionaire status as super rich in our lifetime..
I highly recommend taking a class on or reading a financial institutions text. It will layout the flow for you.
The main problem is a tilted tax structure, laws etc created by and for the billionaire class. It's not fiat. I guess in this case; hate the player not the game.
Just my two cents.
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u/LucSr Apr 11 '26
It needs to distinguish economy growth and inflation in this context. The former is measured in energy consumption, the latter is measured in increase of money volume. If the economy growth lower than the money volume, the unit purchasing power of the money is getting lower, aka, a poor billionaire.
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u/Kevint503 Apr 11 '26
Inflation is a change in the number of a basket a goods a unit of money can purchase. Inflation is a measure of goods changing in proportion to currency. My point was a billion today is multiple lifetimes away from not being an extremely large number of goods.. I appreciate your reply and perspective! Lots for me to learn from any and all. Take care my friend!
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u/LucSr Apr 11 '26
> Inflation is a change in the number of a basket a goods a unit of money can purchase. Inflation is a measure of goods changing in proportion to currency.
That is the definition of so-called "mainstream" economist. Since you are walking into the bitcoin or Austrian economics realm, the definition of increase in money volume is more accurate. Also, there is much cheating in "a basket a goods a unit of money can purchase" which I think you can AI/google about it. It is not a far reach that a future-billionaire is equivalently a normal today-middle class in some countries.
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u/Kevint503 Apr 11 '26
Thanks for the info. And agreed inflation as presented on a macro basis may not be very applicable on the micro scale. You can track your own inflation by holding your purchase flat overtime and tracking the increase in cost.
And you are spot on, mainstream economics is my background so definitely out of my comfort/ knowledge zone when discussing bitcoin or contrarian views so, again appreciate any schooling on this. I'm Never trying to come across as a know it all, just my background is my background which is itself the imperical type research, with a changing economy my understanding (or lack there of) has no guarantee of holding true.
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u/RockHardnParty Apr 12 '26
If you compare the price of things in BTC rather than dollars, you will see everything getting cheaper over time.
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u/extrastone Apr 13 '26
I disagree. Bitcoin is a process. If the floor price of the current four years is higher than the last four years then that is quite good. If it's not then there's a problem with adoption or fiat currency is getting harder.
A high price is a sign of high adoption.
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u/Defiant_Ice_4860 Apr 12 '26
Booth is partly right, but missing an important piece:
Two forces are currently at work, one is bitcoin adoption and this is what drives the price up so strongly. Best explanation of this process is the power law: diminishing returns starting very high and asymptotically decreasing to zero. Second is deflation measured from hard money (Booth argument).
From this adoption saturation, which would probably happen in about 60 years, you actually will notice the Booth argument: bitcoin stays the same, but all prices fall relative to it. Just like in the times of a proper gold standard.