After crunching the numbers, Bloomberg Opinion’s John Authers found that Bitcoin has achieved 99.996% deflation over the past 10 years.
Just days ago, Bitcoin surged to a new all-time following the release of US inflation numbers for October.
The association is unsurprising: while the US M2 money supply has increased by nearly 40% in the past two years alone, Bitcoin’s monetary policy is fixed and decreasing.
However, Bloomberg acknowledges that Bitcoin has yet to gain enough trust to be counted as a guaranteed inflation hedge.
Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.