Satoshi Nakamoto Blog
Image default
Uncategorized

Bitcoin Inflation Rate Falls Well Below Global Average Fiat Inflation Rate, Prompting Bullish Sentiment



After the block reward halving, the Bitcoin inflation rate has declined to 1.5%

The Bitcoin inflation rate has fallen below the global average fiat inflation rate for the first time ever as can be seen in the below Tweet from economist Mati Greenspan. In-fact, the Bitcoin inflation rate is now only about half of the global fiat inflation rate.

In just 15 days, the annual inflation of #bitcoin will go from 3.65% to just 1.8%… approximately half of the global annual inflation rate.
At this point, adoption doesn’t even need to grow to sustain the price anymore. Satoshi either knew what he was doing or got really lucky. pic.twitter.com/ml1eXZFrO4
— Mati Greenspan (tweets are not trading advice) (@MatiGreenspan) April 26, 2020

The Bitcoin inflation rate is the number of new Bitcoins mined per year divided by the circulating supply at the beginning of the year, and until recently the Bitcoin inflation rate was over 3.6%. This meant Bitcoin had a higher inflation rate than major global fiat currencies.
However, the block halving has caused the Bitcoin inflation rate to decline as low as 1.5%, which is far lower than the global average fiat inflation rate, and even significantly lower than the USD inflation rate of 2-3%.
Thus, for the first time ever Bitcoin has a lower inflation rate than major global fiat currencies, and this is a bullish factor since this will cause Bitcoin to inexorably rise in value relative to fiat long term.
BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here .
Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com : https://t.me/bconews
Image Courtesy: Pixabay
The post Bitcoin Inflation Rate Falls Well Below Global Average Fiat Inflation Rate, Prompting Bullish Sentiment appeared first on BitcoinNews.com .





Source link

Related posts

iOS 13.2 available to download with better photography, 230 new emoji

satoshi

‘On life support’: Buttigieg still struggling to break into South Carolina

satoshi

OPPO Find X goes for broke on memory with 10GB of RAM

satoshi

Nike wasted no time making ad on George Floyd’s death, but what are the REAL motives behind their messaging? — RT Sport News

satoshi

Using Adversarial Machine Learning, Researchers …

satoshi

HTC is Set to Release Second-Generation Blockchain Phone in 2019 – Product Release & Updates

satoshi