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1 Bitcoin Is Always 1 Bitcoin
VTECH6 min read·Just now--
You get exactly the same amount of Bitcoin (BTC) at any given moment, though you may not be paying the same for it. If you purchased 1 BTC today, it is going to still be 1 BTC tomorrow. Although you get less Bitcoin for the same amount you paid for from 10 years ago, it is because of another phenomenon in finance and economics known as inflation.
There is a feeling of shrinkflation (getting less of something for the same price) with Bitcoin, but that is a misconception caused by inflating fiat currencies (like the USD, Euro, or Yen). What actually happened is that currency debasement or monetary inflation has diminished the purchasing power of the buyer.
Think of BTC as the digital asset equivalent of a baseball card. In the long term the price value can increase or decrease, depending on its market value, but you still have the same item. After ten years your baseball card is still your baseball card, but its price value changes (BTC has the advantage because it does not degrade or cannot be physically altered since it is in a virtual form).
Let’s break down the two concepts: real shrinkflation vs. Bitcoin’s design.
Real Shrinkflation
Let us say you are at your local grocery store buying a chocolate bar. You know that the chocolate bar costs $1.00. However, you notice that there…
