Post
Topic
Board Economics
Merits 3 from 1 user
Re: Do you believe history repeat itself? Economic wise.
by
Mpamaegbu
on 02/06/2021, 07:33:31 UTC
⭐ Merited by The Pharmacist (3)
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
At some point this will definitely be the reality of the human race. As popular grows, there is bound to be good shortage. Shortage will increase scarcity. And scarcity will highten demand and this invariably will kick price up. However, those that will be majorly hit are going to be those with fixed earnings. Otherwise, those in business will nothwithstanding sell according to how they bought.

...the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
This isn't true. Those with investment acumen, especially those investing in Bitcoin and other cryptos won't be cut in this. A $2,000 invested in Bitcoin today will yield more in the future while the $2,000 not invested will have lost its value. So, it's advisable to put your investment in Bitcoin. It's inflation resistant.