Quite to the contrary: I am fairly convinced deflation and currency speculation will be the end of Bitcoin, because there is no central authority which can stop it from happening.
There needs to be a feedback loop in cyptocurrencies. They look at the value of the coins on a exchange, the adjusts the amount of money generated to keep inflation at a constant 1% or 2% or whatever.
This would actually make sense, and it's what some economists have proposed instead of the Federal Reserve: an algorithm that targets a set inflation rate or NGDP growth level.
