148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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Bitcoin Might Not Cause Hyperinflation
Bitcoin can grow as a monetary upgrade and it can cause a debt jubilee rather than hyperinflation. Hyperinflation has always been the result of large increases in the money supply, not a sudden decline in money demand. So why would Bitcoin not cause hyperinflation? Well, maybe Bitcoin will reduce the demand for holding US dollars, but it also reduces the demand for hold debt instruments which reduces money creation.
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