Hello Professor Jeff Herbener,
Can you please share your thoughts on deflationary currencies? In lesson one you mentioned that the larger the stock of a currency, the lower the purchasing power of that currency.
Apparently, Bitcoin has a lifetime limited supply of 21 million coins. Based on similar events in the past throughout history, did currencies with limited supplies become more valuable when the supply ended? It’s hard to compare this currency with precious metals, because the supply of assets like Gold seems to be limited, but the exact information related to the potential supply amount of Gold is unknown.
Thank You.
Felix
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