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!
Yeah definitely.
This is exactly the situation that bitcoin has built for. With a limited supply and no association to the fiat economy, it is certainly the perfect hedge against fiat inflation/debasement.
A lot of people still think that gold will be the standard for store of values going forward. Gold bugs have generated negative real returns for the past 4 decades or so - and BTC is clearly the better alternative.