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The thing being inflated in inflation is prices. If a currency becomes more valuable, things cost less in that currency. An appreciating currency leads to defla
by rsutphin 11y ago
The thing being inflated in inflation is prices. If a currency becomes more valuable, things cost less in that currency. An appreciating currency leads to deflation, all else being equal.
(This assumes you are treating BTC as a currency, which appears to be the OP's intent.)
- kobayashi 11y agoOh right, of course. Inflation means that the value of currency becomes less valuable. Just a brain fart on my part. Thanks!