Yes bitcoin can protect one against inflation beca it does not work by the fiat economy system, bitcoin has a coordinated unmanipulated decentralized network with blockchain, this is not applicable in the cases of some other cryptocurrencies because they are not decentralized, inflation affect the fiat currency and the value is being affected over time due to government regulations and policies.


This is a good advantage why we gave a specific target on the amount of bitcoin to be mined and how this would have circulated among the people and remain in the market while it value always rises as people keep making demands on it even after the whole blocks had been mined.

OP I do agree that your account is brand new, still I think you have a clear idea about the basics of Bitcoin, So moving forwards the people who believe in Bitcoin that it will protect their actual value are not just because of the Significant role of the Supply as to fight against the inflation there is need of some other factors Bitcoin acquiring as well such as Future potential, growing market, Demand and Supply & Decentralization on some level the global first asset recognization (In context of the most trusted and No 1 Cryptocurrency).

Bitcoin Does provide protection against Inflation, becasue of the gains on the investment and price appreciation by the market movement. Bitcoin supports both narratives as Inflationary properties and IDflationary it really depends how you check it out.

I don't really understand what you are trying to ask here, because first you wrote cryptocurrency then you wrote BTC. Just to clear things out, in cryptocurrency, there are more than 20k tokens or coins but all of them can not be used against inflation. Means, that not every token or coin is deflationary and can be compared to the potential of the BTC.

BTC is the king and is the deflationary coin, many legendaries might not agree with this statement, but for the understanding and a proven hedge against inflation, We can say it is a deflationary coin. You are totally about the scarcity of the BTC, due to it's limited and fixed supply, BTC is a great hedge against inflation.

But not all cryptocurrencies are, because many crypto token and coins are increasing their supply over time, and can not be compared with BTC. I hope you understand my point.

That is true, we can observe that in most top alts. They follow the market trend of BTC though not all the time.
As sometimes there are also important events on the project itself, which drives good market performance.
This is why in some instances, bitcoin has nothing to do with how a certain alt is behaving on a certain way.
But as we have seen, up until now, no alt has toppled yet the position of BTC. Countless projects have tried though.

I don't agree with you, because when we compare the inflation of 2010 with 2023 we can easily distinguish that BTC is a hedge against inflation. Let's understand it with an example, If you had $10,000 in 2010, and if you have BTC worth of $10,000 at the same time. Then tell me, will your $10,000 dollars in fiat be the same as of today? Can you bought as many products today as you can buy in 2010?

The answer is no, you can not. Now compare the price of $10,000 worth of BTC bought in 2010, and now they would be worth $284,986,000 as of September 25, 2023, at a price of $24,000 per BTC.

Now tell me, is fiat a good hedge against inflation or BTC?

Think wisely.

It's your first post and you shared some good things about Bitcoin. I think you have some knowledge about Bitcoin and you joined this forum to learn further about it. Yes, Bitcoin won't lose any value due to inflation of fiat instead it will get higher in value because it has hard limit of 21 million and every year some people lose Bitcoin. When supply is low and demand is high the value gets high and that's why Bitcoin will get higher in value after each four year. Although, volatility is present in crypto market and that will always be present, but still Bitcoin won't lose much of its value as compare to fiat.

The main factor that works to increase the value of Bitcoin is the halving event that takes place every 4 years. During the halving event the number of Bitcoin decrease by half for each block that miners find and that's why it gets harder to find more Bitcoin due to half reward for each block. The investors always wait for halving event and soon after halving event we have bull market that increases the value of Bitcoin and all crypto-currencies. During bull market the investors get positive about Bitcoin and continue to invest in it as much as they possibly can. A few investors make a lot of money during the bull market.

I recommend you to learn more about Bitcoin from this forum because it's the best source for the ones who are interested in Bitcoin. You should read topics in Bitcoin discussion board and from that board you will learn a lot of things about Bitcoin. The more time you give to this forum the more you'll learn about Bitcoin.

If the current fiat ecosystem can't protect us from inflation, then I don't believe Bitcoin can. It's because Bitcoin isn't part of the fiat ecosystem yet. It's a digital currency that exists virtually and couldn't act directly in a fiat ecosystem. Still, we are unable to use Bitcoin for our daily lives; hence, we shouldn't expect it to protect us from inflation through Bitcoin. But if we are in Bitcoin and could gain some money from it, then it might help us survive inflation. We are earning something out of our real lives that could help us fight inflation.

Your point is completely about venture investing and not about saving. Back in 2010 BTC was a completely different asset from what it is right now. Then you should've been mentally sick to prioritize BTC over stocks and bonds in terms of savings.

Also, it seems you don't fully understand the concept of hedging. If your portfolio can remain in a drawdown for a couple years then it is not actually hedging.

#1 The system used and applied to BITCOIN can protect against inflation. This is proven by limiting the total supply and number of new coin releases using the halving system every 4 years. This strengthens the economic law of supply and demand.

#2 It is true that in total there will only be 21 million bitcoins released. This total supply is not necessarily all circulating on the market, because there are also many cases of Bitcoin being stored in wallets but the owner dies, the wallet key is lost and the problematic wallet cannot be accessed by the owner. This of course reduces the circulating supply of BTC on the market.

Cryptocurrencies will actually do some damage to a country as all foreign exchange will be going through crypto and not the local currency which could be the recipient . But honestly speaking, tackling inflation isn't a one factor that tackles all scenario, a country has to stimulate trade or in some instances, the central bank will have to try and make cash scarce to try and bring inflation down artificially which is a quite complex process on its own.

Considering the subject was in relation to a currency...Not sure if this is called inflation when you refer to Bitcoin and the effects of supply and demand, afaik to me this is mere volatility!