Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin anti-inflation?
by
Maidak
on 09/08/2021, 19:23:09 UTC
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Bitcoin  may protect you against inflation, just like gold. The problem is that bitcoin is still very volatile, so you are exactly protecting yourself against inflation. You lose much more money than you would lose to inflation (especially if you live in a country where inflation is controlled), but you may also have huge gains.
So, I think that it is a nice protecting against inflation, but it shouldn't be your only protection against inflation, due to its high volatility.

This increase in the price of Bitcoin has happened in a very short time, even a few days ago it was worth about $5,000. In just a few months, its value has exceeded $50,000. Bitcoin prices began to rise just as global pandemic covid-19 raised fears of inflation. Don't you think that people rush to Bitcoin when they suspect an economic downturn due to inflation? and they got Bitcoin promising though it has high volatility?