Post
Topic
Board Bitcoin Discussion
Re: Bitcoin the hedge against inflation
by
Upgrade00
on 02/10/2021, 09:00:31 UTC
Bitcoin continues to move above every form of resistance from the Central currency which is an inflationary tool in the hands of the government and the central banks.
Bitcoin was never subject to resistance from the central currency as they are both uncorrelated and respond to different factors. As you said, fiat is a tool for the government and banks, Bitcoin is an asset which is free for all to use and controlled by none.
This decentralization makes Bitcoin immune to poor fiscal policies which fiat currencies are exposed to and makes it less susceptible to inflation. Corrupt and underdeveloped countries usually suffer from inflation a lot and their currencies are highly unstable, for those people bitcoin is an ideal hedge against inflation.