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43. Bitcoin and market efficiency

The Bitcoin Standard Podcast

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Can Bitcoin Keep Up With Inflation?

Bitcoin can continue to drop in price next to the dollar, sorry next to Bitcoin. But it can continue to go up, but national currencies continue to be used. Even though their price continuously goes down in Bitcoin, a lot of people still get paid in them and they still get raises by the end of the year. The point that I make is that Bitcoin reduces theDemand for the creation of dollars because it reduces the demand for holding debt. Instead of creating new credit for people to store value in, instead of giving more bonds for people, Bitcoin just appreciates - so we don't get runaway hyperinflation.

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