It was far less valuable when it first started becoming trendy. 1 BTC for a pizza, or whatever. Now it’s turned into a hyperinflation wheelbarrow kind of situation.
Deflation . This is literally what happens to any volute that cannot be printed indefinitely. The situation is complicated by the fact that many wallets are simply lost and bitcoins will never be recovered from them.
It was far less valuable when it first started becoming trendy. 1 BTC for a pizza, or whatever. Now it’s turned into a hyperinflation wheelbarrow kind of situation.
Exact opposite of hyperinflation
10 000 BTC for 1 pizza…
Deflation . This is literally what happens to any volute that cannot be printed indefinitely. The situation is complicated by the fact that many wallets are simply lost and bitcoins will never be recovered from them.