Quote from: GigaBit on September 16, 2022, 06:20:46 AM

Quote from: john alex young on August 09, 2021, 09:57:48 AM

According to many analyzes, inflation is caused by the printing of money by the Central Bank. Excessive printing of money will create an imbalance in supply and demand, which will have a negative impact on the balance sheet.
As a person who really loves BTC, I want to ask, is Bitcoin anti-Inflation?

In this case we can notice one thing. That is, the central bank can print money as they wish, in this case, the more money they print, the more inflation will occur. But Bitcoin has a limited supply. As we all know the maximum supply is 21 million where currently over 19 million circulating. There are only a few millions left but the miners are not keen on the high mining cost. So nothing like this is likely to happen with Bitcoin.

We do not even have that much bitcoin to be honest, between the million satoshi took away with him, and maybe another million or two that is forever gone from losing them, I would say that there is a good chance we may have something like 17 million bitcoins up for grabs possibly, there are also a lot of long term holders, and I mean a lot.

So that leaves us with maybe like 10 to 15 million bitcoins traded every year, not every day of course because people hold, but every year that could be the real number. So that is a good and important thing that people need to keep in their minds. I personally try my best to keep realizing how scarce it really is, and that gives me hope.