Bitcoin’s dropping inflation rate stems from the cryptocurrency’s fixed supply of 21 million BTCs. The rate drops after every four years during the halving event.
Since the inception of Bitcoin in 2009, the maiden cryptocurrency’s inflation rate has been on a steady decline to stand at 1.79% as of March 4, data by crypto analysis platform Woobull indicates.
At the same time, the annual inflation rate of the U.S. dollar in 2023 stands at 6.4%. The value peaked at 7% in 2021, data by USInflationCalculator indicates. This implies that the U.S. dollar inflation rate is 3.57 times higher than Bitcoin.
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