4 ms·

This makes no sense. The price of Bitcoin is designed to inflate over time, so $60k is inevitable regardless of events in the real world. Edit: Clarified the

• dogman144 5y ago
  That's sort of the wrong definition of "inflate," but if you mean price appreciation because of the fixed supply and other design factors, your point makes more sense.
  • mohanmcgeek 5y ago
    It's inflation when dollar is the currency.
    • jollybean 5y ago
      It's neither inflation nor deflation. If it were used as a currency, we might start using this kind of language, but it's not a currency. It's a number that people people make speculative guesses on how much other people are willing to pay for it. That's it. It has no intrinsic drivers, just pure speculation on the whims of other major holders and how the crowds might react.
      • cudgy 5y ago
        “It's neither inflation nor deflation.” True, it is speculation.
• bwanab 5y ago
  Other way around. It is designed to deflate over time like gold. Of course if you mean it’s price is designed to inflate you’re correct.