HODL LOANS
NYDIG is about to unlock one of the largest investable pools of capital in the entire financial system—insurance float—and channel it into Bitcoin-backed loans. This is a big deal.
NYDIG Newsletter is about to unlock one of the largest investable pools of capital in the entire financial system—insurance float—and channel it into Bitcoin-backed loans. This is a big deal. HODL LOANS
More efficient lending → lower loan costs → less BTC sold → increased scarcity → higher demand and price → stronger institutional interest → accelerated Bitcoin adoption.
Fred Krugger
In 1971
A gallon of gas cost 36 cents. Today $3.00. Up 8x.
A slice of pizza in NY cost 25 cents. Today $5. Up 20x.
A Big Mac cost 65 cents. Today $6.99. Up 11x.
Fine dining for 2 cost $30. Today $300. Up 10x.
Stanford cost $2,400 a year. Today $66,000. Up 26x.
A Dental check up cost $20. Today $200. Up 10x.
A 2000 sq. foot house cost $27K. Today 425K. Up 14x
A 5 star hotel cost $60. Today $700. Up 11x.
A doctor home visit cost $20. Today $300. Up 15x.
A Ford F100 pickup truck cost $2400. Today the same truck (the 150) cost $36K. Up 15x.
A Porsche 911 cost $8000. Today $120K. Up 15x
No matter how you look at it cost of living is up 10-20x.
Meanwhile,
The Federal Minimum Wage was $1.60. Today its $7.25. Up 4x.
The average office worker made $10k a year. Now he makes 74k. Up 7x.
The average starting salary for engineers was 10k a year. Now its $76K. Up 7x.
The average airplane pilot made 33K. Today makes 200K. Up 6x.
The average starting salary for big law firms was $25K. Today it is 225K. Up 9x.
The average starting salary for investment bankers was 10k. Today it’s 150K. Up 15x.
So salaries are up 4-9x, unless you are an investment banker. I couldn’t find any salary category that went up more than 10x.
So please, don’t tell me i need to “inflation adjust things” or that “the cars today are vastly better”. I’ve owned For F150s and Porsche 911s. They are the same product. So is a big Mac or a slice of NY Pizza.
The bottom 50% are getting absolutely killed. The top 1%, people like me who were on wall street or sold companies or both, made out like bandits.
It’s the same story in Europe, or worse. The costs went up just as much, the salaries didn’t.
I was a kid in 1971. But I distinctly remember these prices.
If you are going to fight that kind of price erosion, your only hope is to grab Bitcoin and HODL.
Historically, you could have held gold which went from $35 an ounce to $2600 (up 74x). Or the SP500 which went from $100 to $6000 (Up 60x).
But Bitcoin will do much, much better.
So here’s the US inflation stats for that time period. In other words, anything that increased in price beyond the inflation number is pure corporate greed in action:
Value of $660 from 1971 to 2024
The dollar had an average inflation rate of 3.95% per year between 1971 and today, producing a cumulative price increase of 679.00%. This means that today’s prices are 7.79 times as high as average prices since 1971, according to the Bureau of Labor Statistics consumer price index.
