Re:Bitcoin Surges Past $7,000 to Extend Record Rally
by weddpros on Thursday November 02, 2017 @08:46AM
(#15609866)
Most currencies suffer from inflation: it's more interesting to buy now than later because your wealth will go down with time.
BTC with its fixed supply works the opposite direction, devoid of inflation: you'd rather keep your BTC as a store of value that will increase, than spend it on goods you can still buy later for fewer BTC.
BTC with its fixed supply works the opposite direction, devoid of inflation: you'd rather keep your BTC as a store of value that will increase, than spend it on goods you can still buy later for fewer BTC.