Bitcoin as a deflationary currency has sustained its position as the only exit from inflation as 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 made a 9.3% price increases against the United States dollars on the first day of October a move that happens on a day the US Department of Commerce announced the 0.3% increase in August and 3.6% over a year.
Bitcoin made a 9.3% price increases against the United States dollars on the first day of October a move that happens on a day the US Department of Commerce announced the 0.3% increase in August and 3.6% over a year.
Bitcoin is not "the only exit form inflation". Real estate can also serve as a hedge against inflation.
I wonder why all the "Bitcoin is the ultimate protection against inflation" type of forum threads appear every time there's a bull run on the Bitcoin market.When the Bitcoin price drops,all these forum posts praising Bitcoin suddenly disappear.
The BTC/USD currency pair doesn't matter,what matters is the fact that Bitcoin price will go up in the long term,despite the all price volatility and bear markets.Bitcoin is a scarce asset and the supply of BTC cannot be controlled by any human or entity.