Your point illustrates why half of the federal reserve's mandate from congress is price stability. See Macroeconomics 101... https://en.wikipedia.org/wiki/Money

Your point illustrates why half of the federal reserve's mandate from congress is price stability. See Macroeconomics 101... https://en.wikipedia.org/wiki/Money_supply https://en.wikipedia.org/wiki/Money_supply OP's point seems to be that inflation of bitcoin value is built in, effectively resulting in de minimis velocity and seeking out of alternative stores of value which are more stable. Bitcoin is how I would design a currency if I wanted it to self implode.