Bitcoin is deflationary by nature but not a deflationary spiral like a traditional monetary system:
We have roughly 160 new blocks everyday (
https://btc.blockr.io/charts), which brings us 8000 new bitcoin everyday.
So isn't that exactly an increase in money supply? Shouldn't we call it inflationary?
When the BTC limit is reached, no more btc left printing, which I think should deflate it.