Published on November 20th, 2015 | by bitcoin0
Bitcoin Market Value Metric
Make the value of bitcoin digestible 🍔
The bitcoin purchasing power index (bitcoinppi) tells you how many Big Mac hamburgers you can buy
with one bitcoin.
It might happen for instance that the value of bitcoin in US dollars goes up from 300 USD to 305 USD but the products
that one bitcoin buys you (purchasing power) remains the same.
The bitcoinppi measures the value of bitcoin by its purchasing power of a worldwide available and uniform
item – the Big Mac hamburger.
This makes the bitcoin purchasing power index agnostic to monetary policy.
Global bitcoinppi 🌏
The global bitcoinppi is a weighted average of local bitcoin purchasing power indices.