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> Bitcoin is currently NOT deflationary. Incorrect, demand alone has made it hugely deflationary; if everything were priced in Bitcoin right now, prices would
by gnaritas 13y ago
> Bitcoin is currently NOT deflationary.
Incorrect, demand alone has made it hugely deflationary; if everything were priced in Bitcoin right now, prices would have to be adjusted downward constantly, that's deflation. Money supply inflation is not inflation which generally refers to the overall prices of goods and services rising and money supply deflation is not deflation which is the fall of overall prices of goods and services. Bitcoin is currently hugely deflationary.