Central banks cannot manipulate the value of Bitcoin, making it immune to inflation from "summary" of The Bitcoin Standard by Saifedean Ammous
Bitcoin's unique characteristic as a decentralized digital currency lies in its resistance to manipulation by central banks. Unlike traditional fiat currencies that can be devalued at the whims of government authorities, Bitcoin's value remains unaffected by such intervention. This immunity to inflation is a result of the limited supply of Bitcoin, which is predetermined and cannot be altered by any central authority. The scarcity of Bitcoin is ingrained in its code, with a maximum cap of 21 million coins that can ever be mined. This fixed supply ensures that no entity can simply create more Bitcoin out of thin air, thereby safeguarding...
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