Forgive my ignorance here, but I'm not sure I understand this graph. I'm not a math genius or economics genius, but I thought inflation was a rise in prices due to an increase in the money supply, which is obviously not what we see graphed here. How is inflation defined in this graph?
Increasing supply of money correlates to an increase in the price of goods and services (traditional) due to more money reducing the value of original money (if that makes sense), in this sense inflation refers to the inflating price of bitcoin over the time period in question.
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