Despite popular belief, Bitcoin is NOT deflationary. Let me break it down for you like you're 5:
Deflation happens when there's less and less of something, like fewer candies in your jar. But Bitcoin isn't like that! It has a fixed supply of 21 million coins that will be gradually released over time.
So, why is it NOT deflationary? Because as more people start using Bitcoin, the demand for it could increase, making it more valuable. It's like having more friends who want a piece of your candy jar – the candies become even more precious!
So, calling Bitcoin deflationary might not be entirely accurate. Instead, some argue it's a better store of value than traditional currencies.
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