Post
Topic
Board Economics
Re: Higher Inflation Is Here to Stay for Years
by
jaysabi
on 16/07/2021, 22:05:41 UTC
I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.

https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

BTC holders shall not worry.

Inflation of 2.3% over the next several years compared with the extreme volatility of bitcoin isn't even a question.  The dollar wins hands down.  Your bitcoin could be worth $40,000 next month or $20,000.  That's not protection from inflation.  To actually protect against inflation, you need something that holds a steady and predictable value.  Not that I think people shouldn't own bitcoin, but they definitely need to not delude themselves into thinking they're protecting themselves from what is ultimately still a low inflation rate by doing so.