Since Bitcoin has a fixed currency pool, with population growth and increasing supply of goods/services, we might see the cost of goods/services priced in Bitco

Since Bitcoin has a fixed currency pool, with population growth and increasing supply of goods/services, we might see the cost of goods/services priced in Bitcoins fall. In such a deflationary environment, the rational incentive is to delay purchases for the future, which is bad for the aggregate economy. When people stuff money under the mattress, it reduces the velocity of money (decreasing trade, decreasing wealth). This is why the Fed sets an inflation target in the low single digits.