There are still people who are still wondering whether Bitcoin is inflationary or deflationary? This is also a controversial topic in the digital currency field. In my opinion, Bitcoin has a relatively constant continuous supply, so it cannot be regarded as a real deflation.

In the financial field, deflation and inflation are relative. Inflation refers to the increase of currency in the market. Compared with limited commodities, the purchase of a unit of commodity requires more currency, which is simply an increase in prices; deflation is the opposite, with insufficient money supply and prices tending to decline.

The total supply of Bitcoin continues to increase, but almost every 4 years, the supply will be reduced by half, until all 21 million are mined in 2140. In the long run, Bitcoin is neither inflation nor deflation, it is only programmed to lock the upper limit of supply and eventually become a constant amount of currency.