Here's the correct answer: Bitcoin is BOTH inflating and deflating.
The money supply of bitcoins is inflationary because bitcoins are still being made.
The purchasing power of bitcoins is deflationary because its buying power has historically increased (making other goods decrease in their bitcoin price over time.)
Since the deflationary element has predominated in the years since its creation however, it is more sensible to call it "deflationary" in the whole.
The money supply of bitcoins is inflationary because bitcoins are still being made.
The purchasing power of bitcoins is deflationary because its buying power has historically increased (making other goods decrease in their bitcoin price over time.)
Since the deflationary element has predominated in the years since its creation however, it is more sensible to call it "deflationary" in the whole.