#HighPierreInflation = 7.1%
The inflation rate is 7.1% (annualized over 19 months to November 2023 from April 2022) for Canadians using bitcoins to finance consumer purchases vs. 3.8% annualized inflation for those paying with Canadian dollars over the same period. I coined the term, HighPierreInflation, for the inflation rate for Canadians using bitcoins to pay for goods and services. https://www.thestar.com/opinion/contributors/2022/09/22/pierre-poilievre-not-fit-to-pick-bank-of-canada-governor.html HighPierreInflation is my tribute to Pierre Poilievre and his public suggestions that Canadians could hedge against inflation with bitcoin and other crypto currencies: “digital currencies … giving people an opportunity to protect themselves against inflation” (September 2021) “the freedom to use other money, such as Bitcoin…Choice and competition can give Canadians better money and… let Canadians opt-out of inflation with the ability to opt-in to crypto currencies.” (March 2022) https://web.archive.org/web/202203