As I just said, this information is extremely misleading.
There are 23M HBD in circulation.
This is almost twice as much HBD in circulation as the 13M peak in 2017.
We were down to a couple million HBD at one point.
Clearly, that's DEFLATIONARY.
You've chosen a short timeline and completely ignored the Hive >> HBD conversions.
As I just said, this information is extremely misleading.
There are 23M HBD in circulation.
This is almost twice as much HBD in circulation as the 13M peak in 2017.
We were down to a couple million HBD at one point.
Clearly, that's DEFLATIONARY.
You've chosen a short timeline and completely ignored the Hive >> HBD conversions.
This is not inflation.