[rothbardrand]

Yes, effectively we are experiencing deflation against fiat as the price is going up... and also %80 of all bitcoin has been mined, at the next halving and the one after that the rate of new supply will be cut twice.... which means over the next 8 years, its all going to be about adoption of the ecosystem.

It may turn out that bitcoin is not used for buying daily necessities for awhile, but there are a great number of potential new businesses that will be built on and around bitcoin.

Just like the internet gave us Amazon and Facebook, bitcoin will give us next generation companies that are quite different from the current economy.

"Bitcoin is the internet of money" is really applicable slogan.