On February 9th, 2011 Bitcoin had a market position (price) of 1 USD.
Now, on June, 11th, 2023, the market position of Bitcoin is ~25,000 USD. But is this right? A lot of "money people" or "Bitcoin maximalists" are telling this story. But this is not true at all. Inflation corrected is around 30 to 40 percent of the ~25.000 USD. So it is basically a market position (in relation of the value of 2011) of ~12,000 USD.
This is also really good,
but it shows two things:
1. Bitcoin is FIAT-bounded, and through exchange rates, has a worse inflation rate as FIAT.
2. Nearly every aggregator and exchange which is showing Bitcoin rates not indlation corrected is scamming! (To pump FIAT in the market.)
Prove me wrong, I would love to be wrong! But I am not.
Edit:
And this is just the inflation related to Bitcoin-Fiat/good. What is about the "chain-inflation"? First Bitcoin has 21 million, first fork has 21 million, and so on - and all this Bitcoin eating from the same bowl...
Don't know what bitcoin you're using, but from my experience bitcoin since 2011 has remained Deflationary. It has retained and even increased upon its initial value if we'll use the 2011 value of bitcoin as a standard. It's not fiat-bounded, as bitcoin could persist without the support of the dollar or any other currency for that matter. In some countries it's even being used as a substitute for the dollar or their national currency. So it seems to me that all your claims about bitcoin have been wrong.
Idk about that bro, might wanna check your maths instead of trolling people here? Might wanna check the charts before supposing stuff?