Samara Asset Group Launches Bitcoin CPI as a New Inflation Benchmark

By: bitcoin magazine|2025/05/07 04:15:01

Bitcoin MagazineSamara Asset Group Launches Bitcoin CPI as a New Inflation BenchmarkIn corporate finance, inflation is often accepted as an unavoidable force—something to hedge against, but never escape. Every fiscal model, investment thesis, and capital plan ultimately bends around it. But the way we measure inflation is rarely questioned.The Consumer Price Index (CPI), the world’s default inflation gauge, measures price changes of a basket of goods in fiat currency. But here’s the problem: fiat currencies are designed to lose value. This means we’re measuring rising prices with a yardstick that’s shrinking.Now, Samara Asset Group, an executive member of Bitcoin For Corporations (BFC), is challenging that convention.They’ve launched the world’s first Bitcoin Consumer Price Index (BTCCPI)—a bold new benchmark that prices the same CPI basket in Bitcoin instead of fiat. It’s a subtle shift with profound implications: Bitcoin isn’t just an asset—it may be a better measure of value.A Yardstick That Doesn’t MeltThink of CPI as a thermometer—only the mercury keeps rising not just because the heat is increasing, but because the scale is broken.Traditional CPI always trends upward, not necessarily because goods become more valuable, but because the purchasing power of fiat currency is constantly eroded by inflationary policy.Samara’s BTCCPI flips the framing.By expressing the same CPI basket in Bitcoin, the index reflects what happens when measured against a supply-capped, non-sovereign monetary standard. And what it reveals is striking: over the long term, prices trend downward.The BTCCPI doesn’t ignore Bitcoin’s volatility—but it reframes it. In short-term windows, prices fluctuate. But across longer timeframes, Bitcoin holds purchasing power far better than fiat.This is not just a reframing of inflation. It’s a more honest way to assess whether capital is holding its value—or being silently diluted.What It Means for Corporate TreasuriesCorporate finance teams think in terms of performance, preservation, and predictability. But preservation is the one that’s hardest to measure—especially in fiat terms.The BTCCPI offers an emerging class of Bitcoin Treasury Companies a new tool: a way to benchmark the real-world strength of their treasury strategy.A company that holds Bitcoin on its balance sheet isn’t just making a speculative bet—it’s aligning its capital with a monetary system that is structurally deflationary.This changes the story you can tell shareholders.It reinforces the idea that your treasury isn’t just surviving inflation—it’s resisting it. That you’re anchoring corporate value to a global, neutral, incorruptible base layer.In that light, BTCCPI is more than a chart. It’s a signal. A tool to communicate value preservation in a world where most assets quietly erode.Why Samara’s Move MattersPlenty of firms talk about inflation. Samara built a new way to measure it.Their launch of BTCCPI is not a thought experiment or a marketing stunt. It’s a live, data-driven benchmark—transparent, methodologically grounded, and freely available to the public.That’s the kind of leadership the Bitcoin For Corporations network exists to highlight.Samara is showing how a Bitcoin-native company can contribute to the broader corporate finance toolkit—building infrastructure that serves investors, treasurers, analysts, and decision-makers beyond its own business.It also signals something deeper: that Bitcoin is no longer content to play defense. It’s building a new system—with new metrics, new levers, and new standards of truth.Toward a New Benchmark for Honest CapitalCFOs have always relied on trusted benchmarks: CPI, LIBOR, the 10-year yield, the S&P. But each of those reflects a world built on fiat assumptions.Bitcoin offers something different. A monetary system where supply is fixed, issuance is transparent, and value isn’t manipulated by policy or politics.Samara’s BTCCPI is one of the first attempts to use that system as a lens, not just a ledger.It invites us to ask: what if we’ve been measuring inflation incorrectly? What if the signal we’ve been using to manage capital is inherently distorted?And what if there was a better benchmark—not just for inflation, but for honest capital?Thanks to Samara, we now have the beginning of an answer.This post Samara Asset Group Launches Bitcoin CPI as a New Inflation Benchmark first appeared on Bitcoin Magazine and is written by Nick Ward.

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.

There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."

Question One: Is this encryption the same as Signal's encryption?

No. The difference lies in where the keys are stored.

In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.

X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.

This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.

The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.

The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.

After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."

From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.

In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.

As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."

Issue 2: Does Grok know what you're messaging in private?

Not continuous monitoring, but a clear access point.

For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.

This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.

There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."

Issue 3: Why is there no Android version?

X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.

In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.

WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.

X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.

These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.

Elon Musk's "Super App"

This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.

X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.

Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.

The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.

X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.

The help page sentence has never been just technical instructions.

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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions