The Bitcoin Other the Counter funded Credit Swap derivative is both wildly inlationary and wildly deflationary because it has no stable exchange-valuation, the number of BTC means squat to it's "inflationary or deflationary" exchange-values every 10 minutes, when those  exchange values are solely determined by an anarchistic gaggle of penny stock speculators on a penny stock market.

In fact even it's given exchange-value at a given second is merely notional since it is impossible to move any large amount of liquidity in BTC through a so-called "exchange" penny-stock market at or even near any given last-price for any reasonable period of time. For a large wallet to exchange BTC credit-derivatives for any genuine, stable Medium of Labour Exchange "currency" the seller must assume huge losses under-asking all current asking prices to obtain money as any buyer needs to assume huge losses over-bidding all current bidding prices to obtain obtain any substantial value of our funded credit swaps for it.

What's worse small speculative haggling over tenths of a BTC have as big an effect on it's inflationary/deflationary exchange-valuations as 50,000 lot bid/asks do. Even worse the Credit Swap Derivative's exchange value has little to do with what you paid it's last holder for it that he made off with, for it is only worth what a next owner feels willing to part with to you for it if/when he is good and ready to do so..

For a large institutional seller or buyer to use/move/exchange large liquidities of BTC it would cause a "penny-stock market panic" at the OTC Derivative "Exchanges" every and any day.