Comment on Bitcoin hits year-high of $20parentComments−nathanm41213yNow you can add inflation to the list.−rm99913yIt's deflation. With inflation the amount you can buy with a set amount of your currency goes down (i.e. your currency is dropping in value). Right now the bitcoin is rising in value.−redwood13yPerhaps it cuts both ways as the amount of stuff you can buy with bitcoin increases.
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Now you can add inflation to the list.
It's deflation. With inflation the amount you can buy with a set amount of your currency goes down (i.e. your currency is dropping in value). Right now the bitcoin is rising in value.
Perhaps it cuts both ways as the amount of stuff you can buy with bitcoin increases.