A decrease in the value of money over time, resulting in a rise in the prices of goods and services. The result is a drop in the purchasing power of money. The effects are less incentive to save money and more motivation to spend it quickly before prices increase. Results from the loss of confidence in a currency or currency manipulation.


Malone, J.A (2015). Glossary of Bitcoin Terms and Definitions. United States: Lulu Press, Inc

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