As a person who really loves BTC, I want to ask, is Bitcoin anti-Inflation?
Deflationary design is incorporated in
BTC. But if the goal was to create a pure inflation protected asset, I think there would be more safeguards and features built in to deter volatility.
Inflation alone is neither good or evil. Its a symptom of markets that manifest under certain conditions.
The problem is high risk will always be correlated with high profits. National mints sometimes overprint currency to bailout poor investments made by high rollers in public and private sectors. Leading to economic instability and inflation. The more underfunded programs and investments are, the higher the volume of fiat necessary to bail them out.
Bitcoin definitely represents an improvement over current markets and financial structures. But I do not think its fair to label it a pure inflation protected asset or something that was designed to be anti inflation.
If Bitcoin changes the governmentmint's system of printing money at will, what will these companies do if some companies or infrastructure have loopholes in bad assets, but they cannot print money as they do now?
There is another possibility. One day, 1 million US dollars of Bitcoin will be used to rivet the currency of the world. The fiat currencies of other countries still exist, but Bitcoin must be rivetted. At that time, the government needs to print money to help companies or infrastructure. What should the government do? What kind of scene will it make?