Post
Topic
Board Bitcoin Discussion
Re: Why we want inflation for good value on BTC?
by
doomloop
on 15/04/2023, 17:12:33 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?
We don't want inflation so that the price of Bitcoin or cryptocurrencies increases, but we say that when there is inflation, Bitcoin might save your money from getting devalued if they are invested in Bitcoin, and these are two different things. Inflation in general doesn't only affect cryptocurrencies but it also affects the lives of the people living in that economy.

When there is inflation, what you earn is barely enough for you to survive unless you are from the elite category that floats above it but those who are from the lower category will suffer from the high rates of goods and stuff that we buy for daily use.