Bitcoin (BTC) has reached a new milestone by recording the lowest inflation rate ever at approximately 1.74% just days after the recent halving event; With 93.3% of the maximum BTC supply being issued at 19.6 million coins out of 21 million coins, the scarcity of Bitcoin is likely to cause demand for it to grow more and more, which could lead to an increase in the price of the leading digital currency.
On the other hand, traditional currencies suffer from greater inflation rates due to government restrictions and economic policies, and several countries in 2023 recorded very high inflation rates, reaching 161.0% in Argentina, according to data from the Inflation Data website.
