Re:Statement of SEC Regarding Recent Market Volatility
by legolas2412 on Friday January 29, 2021 @12:38PM
(#25959990)
The problem is the word inflation vs deflation.
When too much fiat is printed, it decreases its value and is called inflation.
But when assets lose value, it is called deflation.
So, do you call cryptocurrency a fiat currency or a speculative asset? Because falling value will happen, it will be just termed inflation or deflation.
When too much fiat is printed, it decreases its value and is called inflation.
But when assets lose value, it is called deflation.
So, do you call cryptocurrency a fiat currency or a speculative asset? Because falling value will happen, it will be just termed inflation or deflation.