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> Inflation can happen to assets, and PragmaticPulp is analyzing Bitcoin as an asset, not a currency. Actually PragmaticPulp was doing both. In the comment I
by CarelessExpert 6y ago
> Inflation can happen to assets, and PragmaticPulp is analyzing Bitcoin as an asset, not a currency.
Actually PragmaticPulp was doing both.
In the comment I quoted, they stated:
> They’ve also spread an idea that money printing is the singular source of inflation, which isn’t true at all.
This is specifically referring to currency inflation.
They then went on to say:
> Bitcoin, for example, is an inflating asset due to hype-driven demand.
As you say, this is asset inflation.
These should not be compared like this, which is why I noted that "this sentence makes absolutely no sense." I stand by that statement.