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Cryptocurrency News Articles
Bitcoin vs. McDonald's: A Decade of Price Comparison Highlights BTC's Journey and Fast Food Inflation
May 23, 2024 at 10:00 am
Over the last decade, McDonald's burgers have become a staple comparison for purchasing power, also known as the McDonald's Big Mac Index.
As inflation soars, the purchasing power of consumers dwindles. This leaves many questioning their ability to afford once-budget-friendly items like McDonald's burgers. Data from End Wokeness reveals staggering increases in fast-food prices since 2019. The average McDonald's item has spiked 141.4%, Taco Bell at 57.4%, and Chick-fil-A at a whopping 80.1%. This surge outpaces wage growth, particularly for lower- and middle-income earners, according to the Economic Policy Institute.
Stan Druckenmiller, Chairman and CEO of Duquesne Family Office, harshly criticized Bidenomics. He gave it an “F” grade for fueling inflation through excessive government spending akin to being in a depression. With real wages stagnating under Biden’s first term, affording basic necessities like fast food has become a genuine challenge for many Americans.
Bitcoin vs. McDonald's Prices Over the Years
Food inflation has been a challenge for many consumers. As McDonald's, Taco Bell, and Chick-fil-A prices soared, the working class found it increasingly difficult to afford these meals. For example, McDonald's burger average price increase across five popular items is 141.4%. In contrast, Bitcoin’s growth offers a stark contrast.
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