Jeff Booth, the author of "The Price of Tomorrow: Why Deflation is the Key to an Abundant Future," argues that Bitcoin (BTC) aligns with the natural state of the free market.
In a recent interview with Natalie Brunell, Booth emphasized that we should embrace a deflationary world, where technology enhances a currency’s purchasing power by reducing the cost of goods and services.
Booth views Bitcoin as revolutionary, seeing it as the only currency capable of fostering a system based on abundance.
He explains, “The natural state of the free market is deflation. Technology accelerates this deflation, allowing productivity to benefit us, enabling abundant lives. Anything that hinders this is a control system, not an economic or political system, essentially stealing from you.”
He predicts that all fiat currencies will depreciate against Bitcoin indefinitely since Bitcoin is designed to eliminate inflation.
“Bitcoin is unique in protecting against inflation. It’s not just a coin but a protocol bound by energy – it is open, decentralized, and secure. It doesn’t matter if you value it through manipulated currency; it just keeps advancing. Compared to Bitcoin, all prices will continue to fall forever because it’s the only truly free market force,” Booth concludes.
Booth’s perspective highlights Bitcoin’s potential to transform our economic system by promoting deflation and abundance, standing in stark contrast to the inflationary nature of traditional fiat currencies.
In a fresh move to bolster its Bitcoin war chest, Strategy is rolling out a new fundraising vehicle—Stride preferred shares—targeting up to $1 billion in capital.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.