Stupid question I have already asked but I am still a total newbie here and would like your updated opinion on that : bitcoin is supposed to be an hedge to inflation and was kind of build for that.
But it looks like we may head to deflation instead, at least for some weeks / months. So how is bitcoin supposed to react to a deflationary environment ?
I would say it would drop hard like any other asset but I don’t know well bitcoin and would love to see if I miss something as everyone seems to be confident that bitcoin is the solution for problems ahead.
I will probably get insulted but isn’t cash the best answer to deflation (just asking, not saying !) ? I am quite surprised not to find lectures/topics about bitcoin in a deflationary environment, please tell me if there is.
submitted by /u/Mlkito