Jeff Booth's "Price of Tomorrow" claims things get cheaper in Bitcoin because technology creates deflation. This chart tests that claim with actual data.

Panel 1 shows technology made cars modestly cheaper over 16 years. About 1.5x in real terms. That's the green line in Panel 2.
Panel 2 shows what actually happened when you price a car in Bitcoin. It went from 2.1 million BTC in 2010 to 0.22 BTC in 2026. That's a 10 million x decline. The blue line.
The green line is nearly flat. The blue line collapses. Tech deflation predicts 1.5x cheaper. Reality delivered 10 million x cheaper.
Where did the other 9,999,998.5x come from? Bitcoin's network growth following the power law P(t) = t^5.69.
The mechanism: epidemic spreading dynamics on scale-free networks (βA = 3.05) combined with Metcalfe network value scaling (βM = 1.84). Their product gives β = 5.60, matching the observed 5.69.
Bitcoin's network effect is 6.5 million times more powerful than technological deflation in explaining why things cost less BTC.
Booth gets the direction right but misses the magnitude by a factor of millions. Things don't get cheaper in Bitcoin because of tech deflation. They get cheaper because Bitcoin's adoption follows mathematical laws of network growth.
Tech deflation explains 0.000015% of the effect. Bitcoin's power law explains 99.999985%.
The data doesn't lie. Bitcoin isn't growing because it reveals deflation. Bitcoin is growing because networks spreading via epidemic dynamics and scaling via Metcalfe's Law produce power law trajectories. That's physics, not monetary policy.