
Matthew Lysiak | Fiat Food: Money Magic & The American Diet
Deflationary Economics, Satoshis, The Fiat Standard
Bitcoin's fixed supply of 21 million units creates a deflationary effect where purchasing power increases over time, contrasted with the melting value of fiat currency. While the price of a home in dollars has skyrocketed since 2016, its price in Bitcoin has plummeted, demonstrating the currency's strength. Authors like Saifedean Ammous, particularly in "The Fiat Standard," argue that moving toward a Bitcoin standard is an inevitable shift toward the strongest currency.
