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The dollar printer went crazy in 2020: https://fred.stlouisfed.org/series/M2. This definitely had an effect on stock and property prices, and seemingly some cryptocurrencies as well.

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Is your argument in favor of bitcoin as an asset class is that its value doesn't skyrocket when stock and property values skyrocket?

(My assumption when you said "inflation" was a drop in purchasing power of a given asset, not a rise.)

> (My assumption when you said "inflation" was a drop in purchasing power of a given asset, not a rise.)

I was referring to the inflation of the US dollar. That's why property, stock, bitcoin, etc. went up.

That would be a nice theory, but inflation in terms of producer and consumer goods is lower than in previous years (PPI inflation of 0.8% for the 12 months ending on 31 November, CPI inflation of 1.2% for the same period, compared to an average of more like 2% over the previous few years).

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