We host Michael Saylor, CEO of Microstrategy, the publicly traded company that announced it was making bitcoin its primary treasure reserve asset, and purchasing 38,250 BTC (~$425m). Saylor explains how this was a deliberate decision to put the company on a bitcoin standard.
Inflation tiers according to Michael, by annual change in prices:
<0%: technology, information, anything that can be dematerialized digitally, capital-intensive goods, goods with high fixed cost of production and low marginal costs.
0 to 2%: Unskilled labor, non-premium land and property, labor-intensive goods
6-8%: High quality education, medical care, property, naturally scarce goods.
8-24%: Debt, equity, prime, luxury property, and elite products.