I guess that most people claim that Bitcoin is deflationary mostly because they compare BTC to all the fiat currencies.
Should we keep comparing Bitcoin to fiat currencies, since BTC actually isn't competing against fiat currencies as a currency for everyday purchases? Maybe Bitcoin should only be compared to Gold, since BTC has turned into "digital gold". I'm not the biggest expert in finance, but I think that the difference between USD monetary inflation and consumer inflation is the fact that the US dollar is a global currency. This means that the USA "exports inflation" overseas, which means that that the consumer inflation rates inside the USA are lower than they should've been, if the USD wasn't a global currency.

When you mean compare what are you talking about? All I can say is that people are valuing Bitcoin in Fiat (the US dollar) that's the way to know the actual monetary value of Bitcoin, I have not seen much comparison between Bitcoin and Fiat.
Firstly Bitcoin is more volatile and so far in terms of growth Bitcoin is on a league of its own and I don't see how any competition can even exist. I have seen more comparison between Bitcoin and gold than Bitcoin and any Fiat currency.

As time goes on, Bitcoin becomes more scarce due to what you described in your first paragraph.

And that's really, really beautiful about it. No coin upholds its values like it.

Or maybe its just something we need to understand by that bitcoin is more of a volatile currency than being an inflationary one, talking about inflation, this obeys a particular law of the centralized economy controlled by the government and we cant say that the increase in the bitcoin market price and fall in it should appear being the same as the economy inflation whereby goods and commodity items only rises and failing to fall.

The inflationary purpose of bitcoin has advantage over the fiats in the fact that bitcoin keep good values for a long even when there is a global economy red wings,  bitcoin could still keep to perform it wonderful purposes.
Although, could face it wrath of devaluation when it volatility is looped against the hold of value stability.
The fiats can always maintain a stable number as physical tender but are vulnerably to deflation and values less in an economy stumble.

Yes, but if you take it as a tautology it is a nonsense, self-evident, yes, but it says nothing, the same as if you say that A=A.


I like this part more because here what is relevant is the purchasing power that bitcoin is acquiring over time but with volatility, so at some points also loses purchasing power even though the long term trend is clearly upwards. I opened a thread about it some time ago.

The CPI is attempting to create a representative index. Of course many argue the real value of money is lost at a faster pace than the CPI can show. But in economics each person has different needs. For instance many young people at the moment are worried about not being able to afford their own home. This is placed very high in their needs at the moment, and if current trends continue with low wages and high house prices they might never be able to afford one. House inflation is higher than the CPI in most countries.

This believe it or not is not just based on how much money gets printed. Based on current trends, it does not look like we increased consumption. In many countries that had record infltion around the pandemic there were even drops in the population. So there's no way consumption increases. Especially when the cost of basic goods keeps going up.

A driving factor of having these rates of inflation is greed. The oligopoly of supermarkets, distributors, import megacorps etc decided they wanted a larger piece of the pie. We had disposable income so they might as well claim it. The excuse of rising costs was there due to the pandemic so instead of covering their costs, they increased prices to increase profits even more on top of the costs.

This has been the case since forever in capitalilsm. Profits have to increase at all costs. We've already been squeezed out of our last cents. Now many of us start being in debt. Where is this going to end up? Last time we had to bail out the banks that cause these catastrophic events from our own money and many of us still suffer from lost pensions, lower wages, and an overall wave of austerity. If they know they'll be bailed out again, nothing will stop them.

Never forget, bitcoin genesis block: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

THIS is what it's about. There's a whole system behind what drives the devaluation of currency. It's built on our backs and has since kept squeezing us more and more. What are we waiting for to tip the balance?

Just to add more on this aspect, the leaders keep printing money because they know their self to be the main reason  or cause to the problems they are using the money for, which indirectly means that all these money are coming back to them after been allocated to different sectors of demand, maybe we should now wake up to realize that the entire policies with the centralized economy in inflationary itself and the major cause to all these are those in charge of the policy implementations, the so called leaders and they uses all these to cause extortions and run projects for their counterparts all in the name of helping the economy whereas they are the problem behind it.