That's an oversimplification. The words 'inflate/inflation' have several senses depending on domain, and even within the economic domain, shades of meaning bas

That's an oversimplification. The words 'inflate/inflation' have several senses depending on domain, and even within the economic domain, shades of meaning based on whether you're referring to price level or money supply. All of the following statements are true, when considered in their likely context: "The price of Bitcoin [in dollars] is inflating." "The Bitcoin supply is currently in an inflationary phase, as dictated by an algorithmic 'mining' schedule set at its creation, but will reach an eventual fixed maximum." "Since the permanent supply of Bitcoin is capped, economists would classify it as a deflationary medium of exchange." "Prices of other things as denominated in Bitcoin have been undergoing extreme deflation during the run-up in the Bitcoin/USD exchange rate." The words are confusing enough in traditional colloquial and economic usage... and Bitcoin is weird enough, straddling a number of the categories that were devised before its creation, that it's even harder to describe. Entirely new categories and words may be necessary.