btc price and inflation

[cryptoboss2020]

maybe the btc price will hit the 100k but the inflation will be so high that 100k will be same as 10k after few years.
then its 100k same as now 10k...then the btc price actually have not going high its same just value of fiat currency going down...
im not sure about this it just the way we know the inflatiion but honestly i dont see much of the inflation usa dollars and eur looking stable now.

[1715109037]

1715109037

[1715109037]

1715109037

[1715109037]

1715109037

[livingfree]

maybe the btc price will hit the 100k but the inflation will be so high that 100k will be same as 10k after few years.

Yes, this was what others have said too. If BTC goes high at $100k, the inflation is considered but bitcoin is bitcoin and $100k will be that much high specifically for countries that don't dwell much with inflation. Predictions said that it won't be that long and can happen within few years.

then its 100k same as now 10k...then the btc price actually have not going high its same just value of fiat currency going down...
im not sure about this it just the way we know the inflatiion but honestly i dont see much of the inflation usa dollars and eur looking stable now.

It only has to x10.

In 2017, bitcoin from the whole year from under $1k it went $20k. More than what we're facing and hoping from $11k to $100k.

[20kevin20]

That's how inflation works. You have to be smart to sell at the right time and invest in the right things. For example, during the last recession ('08) a lot of people lost their houses or had to sell them very cheap because they couldn't afford to pay the rent/debt anymore. Smart traders and investors sold commodities and bought cheap houses with their profit.

Imagine purchasing $10k worth of Bitcoin and within the next huge inflation, its price goes up by 10 times. That's $100k you're now holding in total. Now imagine $100k houses being put on sale for $70k. You're basically able to purchase a $100k house for $70k and still have a $30k remaining to spend. All of that with an initial investment of $10k.

But again, every move is a risk. Hodling, selling, purchasing.. it's a risky move and you have to assume it.

[cryptoboss2020]

That's how inflation works. You have to be smart to sell at the right time and invest in the right things. For example, during the last recession ('08) a lot of people lost their houses or had to sell them very cheap because they couldn't afford to pay the rent/debt anymore. Smart traders and investors sold commodities and bought cheap houses with their profit.

Imagine purchasing $10k worth of Bitcoin and within the next huge inflation, its price goes up by 10 times. That's $100k you're now holding in total. Now imagine $100k houses being put on sale for $70k. You're basically able to purchase a $100k house for $70k and still have a $30k remaining to spend. All of that with an initial investment of $10k.

But again, every move is a risk. Hodling, selling, purchasing.. it's a risky move and you have to assume it.

yes but inflation if the inflation will kill the value of the fiat currency then after few years the 100k price of btc is same value as 10k now?
you get my point? if the inflation is going up the btc price will move togehter inflation so the purache power getting smaller what is the difference then with 10k and 100k?  or the inflation will not go so high ?

[Poker Player]

maybe the btc price will hit the 100k but the inflation will be so high that 100k will be same as 10k after few years.
then its 100k same as now 10k...then the btc price actually have not going high its same just value of fiat currency going down...
im not sure about this it just the way we know the inflatiion but honestly i dont see much of the inflation usa dollars and eur looking stable now.

Average inflation has been about 3% for many years. Do you know how many years it takes to be equivalent to 100k starting with 10k at that inflation rate? It's like 80 years.

Do you think bitcoin is going to take 80 years to reach 100k? Most of us in this forum don't think so.

[Charles-Tim]

If you can check this link: https://cointelegraph.com/news/fiat-inflation-has-cost-bitcoin-hodlers-20-over-the-past-decade/amp. You will notice how fiats has contributed to bitcoin price increase since 10 years ago. Fiats devaluation which we call inflation is responsible for 20% increase in bitcoin price. Bitcoin is typically denominated in USD which is not immune to depreciation.


Bitcoin price versus Bitcoin price adjusted for inflation. Source: Cointelegraph.

https://cointelegraph.com/news/fiat-inflation-has-cost-bitcoin-hodlers-20-over-the-past-decade/amp
In the decade that followed the economic crisis, the U.S. enjoyed some of the lowest inflation in history, which hovered around 2% annually. However, over the decade, this added up to almost 20%. Thus, if we use the 2010 dollar as our base and apply its subsequent depreciation to the price of Bitcoin, then the current price of $10,466 turns into $8,770. Though this may be a sobering realization for some long-time hodlers, it does not mean that Bitcoin was a bad investment or that it is not a good store of value.

My conclusion about your question
So far fiat inflation lead to 20% in bitcoin price in last decade when the price of bitcoin is so volatile from a price of $0.03 to $11000 this time, that means it is very possible that fiat inflation, specifically dollar inflation/devaluation will result into bitcoin price increase of more than 100% possibly in the next decade.

[xZork]

This may happen but it will not happen in a short time, if it does, we will need decades to see 10k present time equal to 100k in the future.
However, if I take Bitcoin's rate against USD I think it is very unlikely. USD is a strong currency and is supported by the strength of America, we can hardly see USD inflation too deep.

[20kevin20]

yes but inflation if the inflation will kill the value of the fiat currency then after few years the 100k price of btc is same value as 10k now?
you get my point? if the inflation is going up the btc price will move togehter inflation so the purache power getting smaller what is the difference then with 10k and 100k?  or the inflation will not go so high ?

How high the inflation goes depends solely on the economical situation there will be at the time. Remember however that Bitcoin's price fluctuates based on way more factors, not just inflation alone. Even if inflation goes up, Bitcoin can still go bearish. This is a kinda mind-boggling subject that simply becomes more of a logical thing once you understand it.

For example, a 1950 $100 bill is worth, according to in2013dollars, $1,080 today. If we take gold as an example (sorry to those reading who're already sick of this comparison), an ounce of gold was apparently worth $35 in 1950 so $378 if we adjust it to the 1950-2020 total inflation (980%). Yet, at the time of writing this post, 1oz of gold is sitting at around $1,900.

As you can see, although the inflation rate has grown a lot in the last 70 years, we're talking about an ounce of gold worth $378 back in 1950 vs $1,900 today. That's an increase of about 400%.

Going back to my previous answer.. the thing is, you have to just play smart. I'll put it another way:

- Say you have $10k worth of BTC right now. Can you afford a house? No.
- In a matter of an year, say a crazy recession begins and Bitcoin is going to be used as a safe haven asset, growing along gold and silver. It now becomes worth $100k per unit. Meanwhile, someone cannot afford to pay their debt so they put their house on sale for only $70k. You have $100k - can you afford it now? Yes, because Bitcoin's purchasing power has increased.

[cryptoboss2020]

This may happen but it will not happen in a short time, if it does, we will need decades to see 10k present time equal to 100k in the future.
However, if I take Bitcoin's rate against USD I think it is very unlikely. USD is a strong currency and is supported by the strength of America, we can hardly see USD inflation too deep.

ok then its good!

[piebeyb]

doesn't look like inflation either, USD and EUR are still like that, just look at the bitcoin price always going up every 4 years, I believe it will go up to $ 100k next year too, so everyone picks it up before this year ends, different from the previous year bitcoin at a price of $ 1000, usually the price of bitcoin always increases again by the number 0 in 4 years