Under the fiat system, standard practice, investors discount future cash flows for inflation because they know the money will be worth less later. However, with Bitcoin, the opposite happens: future purchasing power is likely higher than today’s, due to its fixed supply and increasing adoption. So instead of discounting for inflation, you apply a premium for Bitcoin’s appreciation. The result? Even if an investment returns fewer bitcoins in the future, the real buying power could be far greater. Just as we adjust for loss under inflation, we can adjust for gain under deflation. This flips the script: sound money doesn’t kill investment — it makes it more intentional, more productive, and more aligned with long-term value creation.