Post
Topic
Board Bitcoin Discussion
Re: Help me understand this apparent contradiction between bitcoin and inflation
by
kennyliang23
on 07/02/2024, 02:55:16 UTC
Think of Bitcoin kind of like digital gold. People buy gold to protect against inflation, right? It keeps its value when regular money might lose it. Some folks see Bitcoin the same way - a shield against inflation because there's only so much of it and no one controls it. But here's the catch - Bitcoin's price jumps around a lot more than gold. So while it could be good against inflation, its rollercoaster prices make it a bit of a wild card.