Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by simias on Thursday May 10, 2018 @05:20AM
(#17037363)
>itβs the belief in that value will increase due to growing adoption.
Right, deflation.
"In economics, deflation is a decrease in the general price level of goods and services.[1] Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but deflation increases it. This allows one to buy more goods and services than before with the same amount of currency."
Merely increasing the number of available coin doesn't create inflation unless it matches the demand for it.
Right, deflation.
"In economics, deflation is a decrease in the general price level of goods and services.[1] Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but deflation increases it. This allows one to buy more goods and services than before with the same amount of currency."
Merely increasing the number of available coin doesn't create inflation unless it matches the demand for it.