Replying to Avatar riz

Now you’re talking inflation. Which is what I was told Bitcoin was a hedge against a couple years ago. That hasn’t worked out so well
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The Daniel ⚡️ 2y ago

You’re looking at price inflation instead of monetary inflation. Bitcoin responds to the former. In the long term it’s a remedy to both, but if you’re only looking at one year or one halving cycle it’s easy to miss that.

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The Daniel ⚡️ 2y ago

Correction: meant to say latter. As in monetary inflation. Hit post too soon.

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riz 2y ago

Purchasing power isn’t a function of price inflation?? C’mon man lol

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The Daniel ⚡️ 2y ago

Bitcoin has historically increased purchasing power on a longer time frame. All I meant is that it doesn’t automatically respond to it in the way that you described. You have to zoom out to see it.