The 'Bitcoin Consumer Price Index' Shows Massive Deflation

By
Peter Coy

Mention “deflation” and the first thing people think of is the Great Depression of the 1930s. But the worst-ever deflation going on right now is in the Bitcoin world. It’s not that Bitcoins are losing value; this year, Bitcoin is up 64-fold. As a result, prices of real things in terms of Bitcoins are plummeting.

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