Trang này chỉ dành cho mục đích thông tin. Một số dịch vụ và tính năng có thể không khả dụng ở khu vực pháp lý của bạn.

What is a deflationary currency and how does deflation affect price?

One of the most common questions we get asked is: is crypto a good store of value?

To answer this question, you need to understand how the crypto world operates when compared to the fiat world. The global economy is indeed an inflation-based model, where the amount of printed money is intentionally increased every year to make it decrease in value. Therefore, people are more incentivized to spend it now than save it for later, contributing to a spending economy with free-flowing cash.

But when it comes to crypto, deflation is all that matters.

In the crypto space, people are encouraged to #hodl — the longer you hodl your coin, the higher the coin’s value will gain. Some argue that this model makes no one want to spend their assets, but knowing that our Bitcoin could be worth way more tomorrow than today, who'd want to spend it now?

In general, crypto is a kind of deflationary currency and you may expect it to only increase in value in the long term as the supplies of most crypto are fixed. Take Bitcoin for example, the mechanism behind the coin is that it goes through halving every 210,000 blocks, about 4 years on average. Halving is at the core of the crypto deflation-based model as it makes sure coins are issued at a steady pace while following a predictable decaying rate with no infinite supply — and that’s what distinguishes crypto from fiat.

In general, historical data shows that Bitcoin prices tend to jump around halving times. According to the Law of Demand, even if the demand for Bitcoin doesn’t increase (which is impossible, in Bitcoin’s case), the price will inevitably go up as the supply continues to decrease.

Apart from halving, coin burning is another unique concept to the crypto market and a popular strategy for projects down the road. OKB, adopted by OKX as its utility token, adopts a periodic coin burning mechanism “OKB Burn program” to add value for its holders. Coin burning is designed to reduce the total supply in circulation, as the coin is intentionally destroyed by sending it to a black hole address. Not only does it stabilize the valuation of the token, but the scarcity created also increases traders’ demand for the coin when there's a less amount of it available to satisfy everyone’s needs.

Can you feel the burn?

Following the launch of the much-anticipated OKChain testnet on February 10, 2020, a burn of 700 million unissued OKB was announced, alongside a promise not to issue any additional OKB tokens. Since then, OKB has entered an absolute deflation. The market was in awe of the move, and OKB price rocketed immediately with 46% rise in just 24 hours’ time on February 11, 2020, reaching its all-time high at $7.51 on February 19. Eyeing the opportunity, other exchanges hastily announced a burn of the tokens held by their teams.

On February 29, 2020, OKB completed the seventh OKB burn, the amount of OKB burned between Dec 1, 2019 and Feb 29, 2020 was 3,183,344.61 OKB, equivalent to $17,500,000 US dollars. At the time of writing, there are 195,679,094 OKB in circulation, and OKB ranks among the top 15 cryptocurrencies by market capitalization globally, offering over dozens of use cases by partnering with 35 external businesses. The token is listed on eight major C2C markets worldwide and a dozen of mainstream exchanges with over 40 major asset trading pairs available.

Tuyên bố miễn trừ trách nhiệm
Nội dung này chỉ nhằm mục đích cung cấp thông tin và có thể sẽ bao gồm các sản phẩm không được cung cấp ở khu vực của bạn. Nội dung này không nhằm mục đích cung cấp (i) lời khuyên hay đề xuất đầu tư, (ii) lời đề nghị hoặc chào mời mua, bán hoặc nắm giữ crypto/tài sản kỹ thuật số hoặc (iii) lời khuyên về tài chính, kế toán, pháp lý hoặc thuế. Tài sản kỹ thuật số/crypto, bao gồm cả stablecoin, có độ rủi ro cao và khả năng biến động mạnh. Bạn nên cân nhắc kỹ theo điều kiện tài chính của mình xem việc giao dịch hoặc nắm giữ tài sản kỹ thuật số có phù hợp hay không. Vui lòng tham khảo ý kiến của chuyên gia pháp lý/thuế/đầu tư để được giải đáp câu hỏi về tình hình cụ thể của bản thân. Thông tin (bao gồm dữ liệu thị trường và thông tin thống kê, nếu có) xuất hiện trong bài đăng này chỉ nhằm mục đích tham khảo thông tin chung. Mặc dù đã hết sức cẩn trọng trong quá trình chuẩn bị dữ liệu và biểu đồ này, chúng tôi không chịu trách nhiệm/trách nhiệm pháp lý đối với các sai sót hoặc thiếu sót được trình bày ở đây.

© 2025 OKX. Bài viết này có thể được sao chép hoặc phân phối toàn bộ, hoặc trích dẫn các đoạn không quá 100 từ, miễn là không sử dụng cho mục đích thương mại. Mọi bản sao hoặc phân phối toàn bộ bài viết phải ghi rõ: “Bài viết này thuộc bản quyền © 2025 OKX và được sử dụng có sự cho phép.” Nếu trích dẫn, vui lòng ghi tên bài viết và nguồn tham khảo, ví dụ: “Tên bài viết, [tên tác giả nếu có], © 2025 OKX.” Một số nội dung có thể được tạo ra hoặc hỗ trợ bởi công cụ trí tuệ nhân tạo (AI). Không được chỉnh sửa, chuyển thể hoặc sử dụng sai mục đích bài viết.

Bài viết liên quan

Xem thêm
endereço de carteira blockhain
Security
Self-custody

Self-custody made simple: how to store your crypto yourself

Cryptocurrencies empower us to take charge of our assets, yet this power requires responsible choices. You have many options for managing your digital assets: trusting an exchange, opting for custodial services, or embracing self-custody. In this article, we navigate the landscape of self-custody, providing insights into practical methods for securing and managing your crypto assets independently.
21 thg 10, 2025
Người mới bắt đầu
51
Yield farming and staking
Strategies

What is a crypto whale and how do they affect the markets?

The crypto market is one of the most volatile markets in the world, and is one of the reasons why the crypto sector has become so popular in recent years. Usually, the prices change due to positive or negative news, major developments, and controversies. There are also cases when crypto prices change due to price manipulation. In order to manipulate the price of global assets such as cryptos, you need a significant amount of capital. However, there are some people who have this kind of capital and can impact the market quite severely.
21 thg 10, 2025
344
OKX Wallet
Bitcoin
Options

Delta neutral options strategies: how to hedge a crypto portfolio

If you're familiar with long-term crypto trading, chances are you'll likely encounter instances when an ongoing catalyst causes huge portfolio volatility for your crypto holdings. While this might be acceptable for crypto traders who are more risk-tolerant, it can sometimes lead to dire situations like margin calls because of how volatility can propel a portfolio into liquidation.
21 thg 10, 2025
1
Futures generic thumb
Futures

Top platforms for trading crypto futures in 2024

As the popularity of cryptocurrencies grew, traders inevitably wanted more ways to trade cryptocurrencies and grow their portfolios. Futures contracts emerged from these wants, and were later modernized and adapted to the crypto markets through perpetual futures, without an expiry.
20 thg 10, 2025
Nâng cao
1
Generic tokens thumbnail
Futures

Crypto futures fees compared: a guide to cost-effective trading

Futures emerged as a new opportunity for traders to gain exposure to crypto and grow their portfolios. For daily volume, some exchanges now attract higher volume on futures trading than on spot or other markets.
20 thg 10, 2025
Nâng cao
15
Futures generic thumb
Bitcoin
Trading tools
Derivatives

Bitcoin derivatives, explained: expiry futures, perpetual futures and options

Derivatives are tradable contracts that derive their value from an underlying asset. In the case of cryptocurrency derivatives, the underlying asset is, in most cases, Bitcoin (BTC), or other top cryptocurrencies.
20 thg 10, 2025
36
Xem thêm