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We're All Wrong About Bitcoin. It is not deflationary. We talk about Bitcoin inflation as monetary inflation while we talk about price inflation. These are different measures, so you cannot cross reference it that way. Bitcoin is currently experiencing monetary disinflation. Disinflation is a slow-down in the inflation rate. Bitcoin is still increasing its supply even with the halving of block rewards. The increase in supply is just less every four years, hence disin inflation is the right term.
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