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!
How does it affect bitcoin at all when bitcoin's volatility is several hundred times higher than the USD over any stretch of time? I don't see the inflation rate in the US affecting bitcoin at all until such time bitcoin can actually hold value more predictably than the USD, and there's currently nothing in the history of either bitcoin or the USD that suggests this will ever happen in our lifetimes.