Post
Topic
Board Economics
Merits 1 from 1 user
Re: Inflation and protecting you wealth
by
lixer
on 22/09/2021, 15:22:19 UTC
⭐ Merited by paxmao (1)
I recently listened to a discussion on which assets could actually be better to protect or even profit from inflation. This comes as most of the developed world is suffering the consequences of a soaring inflation and several pinch points in the supply chains and the international trade, such as a massive demand for freighters and severe queueing in ports.
You have said it all, I don’t think there is anything much that I would like to add to this. Bitcoin itself is already a very good investment for anyone to make. And the good thing about Bitcoin is that the profit you are likely to make will be bigger than what you make from others, because it is volatile. Although that doesn’t mean that there are no risk involved in it, there are so many risks that are involved in buying Bitcoin, but I believe as a long term investor you will be able to regain whatever you lose and make better profits if you can hold for a long time.