Post
Topic
Board Bitcoin Discussion
Re: Could 17.5k BTC actually be 13-14k pre-inflation?
by
Beparanf
on 23/10/2022, 15:33:52 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 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?

You view inflation the wrong way. Inflation affects the buy power of dollars which makes the commodity higher in USD amount since the supply of USD is continuously increasing. BiTcoin is not directly affected by inflation since it’s value is based on speculation and no one can set the price to controls it. It’s absurd to incorporate the effect of inflation to Bitcoin because it has a separate to the global economy due to its deflationary feature.

Maybe you right about the bottom but it will jot adjust base on inflation but rather on people speculation on how they view Bitcoin value.