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.
I think the question that you should ask yourself here is that,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.
The infinite printing of tether possibly to inflate Bitcoin, will it only apply to Bitcoin? Would the entire nation be in chaos just because of one currency on the web? That wouldn’t be allowed to happen and it’s never going to be the case. You really should change your mind not based on my reasons but because you should find reasons of your own to believe other wise.
Bitcoin is a scares resource and like the rest of them out there coupled with how commodities do work, scarcity translates to value. It’s why some brands create limited editions of there productions and it’s value spans through time, inflation doesn’t go ahead to affect that.