Bitcoin is an agent against inflation. deflation occurs when the supply is infinite and the price of the product is raised at an unreasonable level. but BTC's supply is limited and it has Halving events and it makes the value of BTC increase. That's why many of Vene's people bought BTC when their fiat money was inflated.
Typically good case of how a deflationary currency can bring out changes for the betterment of humans. I hope in future governments assume the use of crypto to be borderless and without any legal problem. It will open up a number of avenues for traditional investors to put some assets in bitcoin holdings. The reason infaltion kills the value is pretty much known to people everywhere now. But something that is deflationary will be always attracting attention because that is what really draws FOMO. However I am not sure what people in this thread are meaning by "bitcoin standard" - Think about buying groceries with bitcoin where 1 satoshi = 1USD.
