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which is why - sadly - there's not really any point to crypto anymore (other than as a speculative instrument driven mostly by fomo)

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The stated point is to prevent central banks from printing currency / inflation. The claim is that crypto today worth 1% of the world's BTC will be worth just under 1% of the world's BTC in 2300, at least barring e.g. progress in quantum cryptography, a sunspot taking out digital infrastructure, or similar.

That's probably socially harmful, but it is the claim.

Inflation is increasing prices, which has causes other than central banks putting more money into circulation. When Bitcoin’s value drops, prices in Bitcoin increase so it experiences inflation regularly.

The former is inflation of the money supply, which causes price inflation when it exceeds economic growth.

The latter is volatility.

Apples and oranges.

Even when it doesn't exceed economic growth; the flip side of the coin is deflation.

Resources like gold, land, or bitcoin, if broadly used, is deflationary as the economy grows, even from simple issues like population growth. All else being equal, if I save $100 today, and the economy triples, it's worth $300, since I have the same piece of a bigger pie.

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