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Theoretically, Bitcoin is a deflationary asset, it’s supply is limited. In practice, crypto is very prone to hype cycles.
by atemerev 4y ago
Theoretically, Bitcoin is a deflationary asset, it’s supply is limited.
In practice, crypto is very prone to hype cycles.
- JumpCrisscross 4y ago> Theoretically, Bitcoin is a deflationary asset, it’s supply is limited Assets aren’t inflationary or deflationary. Prices are. Prices, denominated in crypto, have inflated through the moon this year as the value of the currencies crashed. There are plenty of things in the world with naturally or artificially fixed supply. Anyone pitching them as deflationary is talking tripe.
- shreyshnaccount 4y agowrong, a true asset of that class would not only limit but actively reduce the number of tokens in circulation afaik