Inflation definition:
"3.(economics) A decline in the value of money.
4. (economics) An increase in the quantity of money, leading to a devaluation of existing money."
Source: https://en.wiktionary.org/wiki/inflation#English
This comment implies price instability taking USD as a reference. Who cares what is the USD value of BTC? Once all coins have been mined 1 BTC will always represent the same fraction of the total supply of BTC, i.e.: 1 / 21,000,000. This is not true for any of the fiat currencies.
If we take gold as a reference then USD lost 95%+ of its purchasing power over the last century.
Source (one of so many): https://www.officialdata.org/us/inflation/1900?amount=100
As for central bank paranoia, opening a history book should help (keyword: uncontrolled inflation periods + Germany || Hungary || Yugoslavia || Greece || France || Venezuela || Iran || Turkey and I am sure I miss plenty I am not aware of). There's a good reason why the EU has removed this power from its member states to give it to a central bank uncontrolled by the political power.
If one does not want to look at history then simply looking at FY2020 and how much USD currency have been debased should help:
https://fred.stlouisfed.org/series/BOGMBASE/
Make no mistake, large corporations with billions of cash on hands start to understand that if not invested, that money is worth less and less year after year and at an unprecedented pace.
Inflation definition: "3.(economics) A decline in the value of money. 4. (economics) An increase in the quantity of money, leading to a devaluation of existing money." Source: https://en.wiktionary.org/wiki/inflation#English
This comment implies price instability taking USD as a reference. Who cares what is the USD value of BTC? Once all coins have been mined 1 BTC will always represent the same fraction of the total supply of BTC, i.e.: 1 / 21,000,000. This is not true for any of the fiat currencies. If we take gold as a reference then USD lost 95%+ of its purchasing power over the last century. Source (one of so many): https://www.officialdata.org/us/inflation/1900?amount=100
As for central bank paranoia, opening a history book should help (keyword: uncontrolled inflation periods + Germany || Hungary || Yugoslavia || Greece || France || Venezuela || Iran || Turkey and I am sure I miss plenty I am not aware of). There's a good reason why the EU has removed this power from its member states to give it to a central bank uncontrolled by the political power. If one does not want to look at history then simply looking at FY2020 and how much USD currency have been debased should help: https://fred.stlouisfed.org/series/BOGMBASE/
Make no mistake, large corporations with billions of cash on hands start to understand that if not invested, that money is worth less and less year after year and at an unprecedented pace.