Quote from: MeGold666 on May 11, 2024, 10:25:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.

Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

Uhm wat

Where have read bitcoin's price being inflated? I think you got the terms mixed up lol. Bitcoin is deflationary, supply getting depleted faster than its value, eventually leading to a massive price increase which is the bubble you're talking about. But the thing about bitcoin is, it is not a bubble, the reasons why it's pumping so hard during bull seasons are downright unreasonable and stupid yes, but it doesn't mean they aren't reasons. That's why Warren Buffet can't wrap his drawers with skid marks around bitcoin, even though his company's started to claim its stake in it.

So yeah. Bitcoin's not inflationary, it's deflationary; there's no bubble of which you speak of, because bitcoin's valuation, whether it's 60k or 500k, is highly justifiable, and bitcoin is not pegged to any coin, nor currency whatsoever, it rides its own boat, its own wave, which is why even though the world economy is fucked up right now and we're heading towards one of the largest crashes in the history of the planet, bitcoin's still sitting pretty tightly in its 65k valuation.