Post
Topic
Board Economics
Merits 4 from 2 users
Topic OP
Inflation soaring in US and other countries gives good prospect to bitcoin
by
paxmao
on 14/09/2021, 23:17:51 UTC
⭐ Merited by bitmover (3) ,Silberman (1)
I was aware that after all the money printing and giveaways during the COVID was just delaying the payment of the crisis ´till a moment in which the economy could possibly take better care of it. However, it was certain that the true cost of the crisis was not being paid. But here is the bill: Soaring inflation, happily accepted by governments in Europe and mainly in US: 5% YoY in August.

This is bad news for most, however it is good news for bitcoin that benefits from inflation and loose financial policies. Keep hodling!