148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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Why Bitcoin Is Not Hyperinflationary
In order to get hyperinflation, you need to have actual physical printing. Bitcoin currently increases at around 1.5 to 2% per year in terms of its supply. But fiat money increases at 6, 7, 8, 10, 20, 15% per year. Credit creation is self-correcting; it's effectively the equivalent of currency difficulty adjustment. If credit expands too quickly, it causes speculative bubbles that collapse and bring down economy.
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