Post
Topic
Board Bitcoin Discussion
Re: Could 17.5k BTC actually be 13-14k pre-inflation?
by
Aanuoluwatofunmi
on 24/10/2022, 07:18:32 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?

First thing I will like to advise here is to stop the comparison of bitcoin to inflation, inflation is an economic consequence of drop in fiat economy performance considering all other economic indication  for goods and services productivity, bitcoin works only by the supply and demand in it limited capacity and the running of bitcoin is not on an inflation base, it have nothing to drop by with value it represents, that's why you see many having the entire misconception of bitcoin volatility to drop in value whenever it's running bear which is wrong, fiat increases in price and not value while bitcoin increases in both value and price, so this present bear is a preparation to gain momentum for the next bullrun approaching.