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by matheusmoreira 1611 days ago
It's not the value of BTC that's increasing. It's the value of USD and all other fiat currencies that are decreasing. Governments print trillions of them while fractional reserve banking and loans create even more. If you have a steadily decreasing supply of bitcoin and a steadily increasing supply of fiat, it's only reasonable to expect that more fiat will buy less bitcoin over time.
1 comments

This is false. 10000 bitcoins used to buy $10 or a pizza. If USD's value was decreasing, 10000 bitcoins would buy $100 or a pizza. But no. Actually 10000 bitcoins buys $300,000,000 or 30,000,000 pizzas.
It's not false, it just means there must also be other factors influencing the price.