Post
Topic
Board Bitcoin Discussion
Re: Why we want inflation for good value on BTC?
by
WeThePe0ple
on 14/04/2023, 22:26:31 UTC
With the printing of fiat money that is always in constant motion by the powers that be.
As the fiat money devalues in value. The value of BTC and other cryptos goes up.
So if the banks etc printing all fiat out of crazy numbers, then we should be in a guarantee of BTC going to over a million perhaps.

Does that mean we should be embracing the printing of money?

Make all our money go totally out of value, so anyone holding BTC can get good value?

Does this make sense?

If this is true, purchasing BTC only protects your savings from being evaporated through inflation.
However purchasing BTC does not allow you to gain a salary (and thus prosperity) that is adjusted to the inflation.

I see BTC as a hedge against the confiscation of wealth (fiat currency) that you hold at this point. But BTC can not prevent people from getting paid in debased currencies.