One of Bitcoin’s main narratives is that it will greatly benefit from a period of inflation, whereas fiat money can buy less and less over time, proving the value of scarce assets. But over the past few weeks, as the macroeconomic outlook has changed, there’s been a serious discussion of an impending deflationary cycle. Deflation meaning that the value of your fiat currency actually increases over time. Deflation is largely uncharted territory in the modern world, […]
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