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Yeah, this is definitely false, as the other guy said -- its value in USD is whatever you're willing to pay for it in USD. Maybe what you're thinking of is the
by quantdev 9y ago
Yeah, this is definitely false, as the other guy said -- its value in USD is whatever you're willing to pay for it in USD.
Maybe what you're thinking of is the fact that it's deflationary unlike fiat: there's a finite number of coins that will ever be created. In other words, if you own exactly one dollar, over time, the percentage of total dollars you own will decrease, whereas with bitcoin, one bitcoin represents a constant fraction of the total bitcoin that will be created. This says nothing about how many gallons of milk one dollar or one bitcoin will buy you though.