“…because the [post-fiat Bitcoin] economy operates in a state of chronic deflation, long-term investments are naturally favoured over short-term gains. As Bitcoin’s purchasing power increases over time, simply holding it becomes rewarding. This incentivises spending only when necessary or investing in projects with sustainable, long-term value.
In essence, the larger and more forward-thinking the business idea or vision, the more valuable it becomes, as a unit of Bitcoin in the future will be worth more than it is today—the exact opposite of the dynamics of the previous inflationary system.”