Replying to Avatar Pablo Xannybar

Inflation means a decrease in spending power. This doesn't happen as a result of new Bitcoin being mined.

New Bitcoin enters circulation, less and less each halving as you said, but the total amount of 21 million is priced into the value of BTC.

The fixed supply is why it isn't inflationary.
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Weird Mike Jerkovic 2y ago

it is inflationary cause you don't have the 21M yet.

Inflation stops when the last Bitcoin is mined.

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Pablo Xannybar 2y ago

It's still not inflation because the very definition of inflation requires a decrease in spending power, i.e. a devaluation of the currency. This is not the case with Bitcoin.