Post
Topic
Board Economics
Re: Bitcoin and Inflation
by
iged_war
on 22/03/2019, 06:39:58 UTC
It's known fact that bitcoin and inflation are not going together. Word inflation can used only to fiat, which is centralized and depended from country's gold wealth. Bitcoin have nothing with that and it's price is growing only cause of the demand, but not inflation.
perhaps what is meant is the presence of bitcoin can overcome inflation in a country, by becoming an alternative currency for business actors affected by inflation to be able to switch to using bitcoin as a means of payment between countries. that might be the right one.
but it should also be thought that volatile bitcoin is very large, when the upward trend may be a much greater increase than inflation, but when plunging throughout the year, there will be losses
in my opinion all thing in this world that have price correlated with inflation.even gold that mentioned as investment that free from inflation also affected by inflation.and so do with bitcoin and other cryptocurrency.