Post
Topic
Board Bitcoin Discussion
Re: Could 17.5k BTC actually be 13-14k pre-inflation?
by
Z-tight
on 23/10/2022, 12:07:33 UTC
So i'm basically just thinking out loud but with inflation going rampant and last 2 years everything went up at least 20% in price and value
Inflation does not cause things to go up in value, prices may have gone up but not their value, inflation does the opposite, and that is to make things like paper money, goods, etc lose their value.
do you think that 17.5k (which could be a bottom in current bear cycle) BTC could actually be 13-14K preinflation and 17.5k as of now a bottom adjusted for inflation?
Your understanding of inflation is skewed and so the rest of the post is inaccurate, but by the way bitcoin is a deflationary asset.