Post
Topic
Board Economics
Re: Higher Inflation Is Here to Stay for Years
by
justdimin
on 05/08/2021, 09:03:48 UTC
The best thing you can do with bitcoins is store them so you can protect yourself from inflation. Even though bitcoin is volatile, if it is withdrawn over a longer period of time (logarithmic chart), the value of bitcoin has remained or even increased drastically in the last 10 years.
Bitcoin must be a great asset to fight against hyper inflation. The simple difference of bitcoin from our fiat helped that to become possible. If bitcoin was designed with unlimited supply then probably you cannot depend on bitcoin to fight against inflation (then bitcoin and fiats may not have big differences as well Tongue). Higher inflation is to stay with us for years as incoming days food production may diminish and economic revolutions may not happen due to lack of innovation and shortage of manpower and many other similar reasons but governments may not stop printing money as their own decisions.