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Because there will be a time where for every 1+% that USD inflates, bitcoin won’t.
by overview 5y ago
Because there will be a time where for every 1+% that USD inflates, bitcoin won’t.
- RivieraKid 5y agoBut Bitcoin is not competing against currency, it's competing against investment assets. Also, inflation is simply not a problem. 2.5% on average over the last 20 years, and almost no volatility. Bitcoin will never achieve that level of volatility because there's no central authority which directs its value.
- impulser_ 5y agoYes it will. As the value of an asset increases the less volatile it becomes. Gold and the USD were very volatile assets in the beginning. Only recently has the USD become stable. You don't need a central authority to direct the value.
- RivieraKid 5y agoSo you're saying that central bank inflation targeting doesn't decrease volatility? That is simply wrong. Gold has a high volatility and Bitcoin even higher.