Laeserin on Nostr: I don't mean consumer price deflation, I mean monetary deflation. Money being ...
I don't mean consumer price deflation, I mean monetary deflation. Money being destroyed, as companies and people go bankrupt and debt gets written off.
Then the Fed will perhaps respond with a rate cut, and then monetary inflation can kick off again and some of that newly-issued credit can go into Bitcoin.
As far as I know, Bitcoin (like all hard assets) has a price reflecting monetary inflation.
Published at
2024-01-11 06:35:09Event JSON
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"content": "I don't mean consumer price deflation, I mean monetary deflation. Money being destroyed, as companies and people go bankrupt and debt gets written off.\nThen the Fed will perhaps respond with a rate cut, and then monetary inflation can kick off again and some of that newly-issued credit can go into Bitcoin.\n\nAs far as I know, Bitcoin (like all hard assets) has a price reflecting monetary inflation.",
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