Why Prices Would Keep Falling Under a Bitcoin Standard
Imagine a world where prices don’t rise every year but actually fall. A loaf of bread that costs $1 today might cost $0.75 tomorrow. This sounds bizarre, almost unthinkable, because we’re so used to living in a world of inflation, where prices constantly creep up. But under a Bitcoin standard—a system where Bitcoin, a cryptocurrency with a fixed supply of 21 million coins, serves as money—this isn’t just possible; it’s likely. Let’s dive into why.
