Yes, and this is why you see hyper-inflation of most CPI items during supply shocks[0][1], not during money printing. The longer something takes to spoil, the more potential it has to be hoarded. To evaluate our risk, we need to determine what items in the CPI are susceptible to these pressures.
If Bitcoin goes to 1 million USD, will that drown out all other energy? Energy is a piece of the CPI, so that's something we need to watch.
If Bitcoin goes to 1 million USD, will that drown out all other energy? Energy is a piece of the CPI, so that's something we need to watch.
[0]:https://en.wikipedia.org/wiki/Great_Famine_Ireland
[1]:https://en.wikipedia.org/wiki/1970s_energy_crisis