One of Bitcoin’s inherent virtues is being inflation-resistant. This unique feature might be essential to help countries interested in adopting a passive monetary policy. Bitcoin Controls the Inflation Rate Only 21 million bitcoins will ever be mined. Therefore, Bitcoin is illiquid. However, Satoshi Nakamoto, purportedly the creator of Bitcoin, intentionally established this lack of liquidity to make the cryptocurrency inflation-resistant and to incentivize Bitcoin miners. According to Professor Max Raskin, Bitcoin’s pre-commitment to an inflation Read More The post Bitcoin Is Ideal for Countries Adopting a Passive Monetary Policy appeared first on Bitcoinist.com.



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