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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.

Gary ₿usey 2y ago

You're probably right for the most part, but honestly, this isn't something that is worth speculating, in my opinion. The halvings have always played a monumental role in Bitcoin's price increases, and everyone has always gotten it wrong for the past 15 years. Also, there are far too many other factors to consider. 🤷‍♂️🙄

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Discussion

Laeserin 2y ago

Bitcoin used to be a much smaller market. It's now a major global asset class.

But, we'll see.

Gary ₿usey 2y ago

Indeed, we will.