Will Bitcoin adoption end up causing more inflation, which will then grow Bitcoin even bigger?

If more and more people see the benefit of storing their value in the verifiably scarce digital asset (btc), that would mean less people will hold on to fiat.

for example- money printing $1tril dollars would be stealing $1tril from all fiat holders (through currency debasement)..

since there are now less fiat holders (as btc adoption increases), there will be less people to steal from. so they will have to print even more in order to steal the same amount of value, which will cause even more money to go into bitcoin. it's a never ending cycle, and the government will be forced to shrink, because their stream of value stolen through inflation will be eliminated and the value stolen must now ONLY be through taxes (which is visible to society, so the system will be a more honest and transparent system). amirite?

submitted by /u/suuperfli
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from Bitcoin - The Currency of the Internet https://ift.tt/3nQCG8m

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