Will the Disinflation of Bitcoin Lead to Long-Term Price Surge?
Will the Disinflation of Bitcoin Lead to Long-Term Price Surge? Chris Burniske, a parter at cryptocurrency-focused venture capital firm Placeholder and former cryptocurrency investment lead at ARKInvestment, revealed that 80 percent of the total supply of bitcoin is now outstanding and that its hyperinflationary period is behind it. Dissimilar to most currencies and assets, bitcoin is a deflationary currency because of its unique monetary policy. Since its introduction in 2009, bitcoin was structured specifically to operate as a robust and…