Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin really resist inflation?
by
Coyster
on 14/08/2021, 16:17:18 UTC
At this time, people again mentioned that Bitcoin can fight inflation.
Inflation is related to centralized economics, thus, it's the governments actions and measures that can fight inflation and not Bitcoin per se, Bitcoin is a decentralized network and what it can do is to act as a hedge against fiat inflation/devaluation, imo, it's somewhat a wrong ideology to believe that Bitcoin can fight inflation. The reason why there has been an influx of institutional investors and individuals into the Bitcoin network is cause Bitcoin can somewhat retain the value of their funds as the traditional economic system struggles, but people wrongly believe that Bitcoin can solve or stop economic inflation, that I don't think is possible.