It only has value as a currency battery. Extra euros or dollars? bitcoin. look at how it actaully works with monitary policy and you'll see that is how it functions

The article presents a false dichotomy:

> Gold is relatively scarce, with an annual inflation rate of 1.5%. However, the supply is not capped.

> There will never be more than 21,000,000. It is designed to be deflationary, meaning there will be less of it over time. Bitcoin’s annual inflation rate is currently 1.75% and will continue to decrease.

Supply does not need to be capped in order to have a continually decreasing inflation rate [1]. Without any block subsidy halvings, Bitcoin would still have a decreasing inflation rate. It would just decrease much slower.

But it would also be much fairer. Each 20 year generation would be able to mine the same amount of coins, rather than only a small (1/32) fraction of what the previous generation could mine.

And it would not face a potential crisis once the security depends almost entirely on having a constant backlog of high fee paying transactions.

[1] https://tromp.github.io/blog/2020/12/20/soft-supply