Post
Topic
Board Economics
Re: Buy Crypto Or Have Fun Staying Poor!
by
hodllord
on 16/01/2022, 16:18:57 UTC
If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.

https://i.imgur.com/tu8FDsQ.jpeg
It actually depends.

Yes, Fiat is inflationary as f. but some crypto currencies has bigger inflation rate than that.

We can normally see that crypto has 15-30% inflation rate per year and currently fiat is around 4-10%.
So with regards to inflation, crypto has bigger inflation rate. But crypto and fiat are different, Crypto is like an asset that where the
price increase, just like stocks or share. but in fiat you can't do that.

Anyway, I also don't like fiat and mostly all of my money are in crypto now aside from the ones I need to use for survival and normal living.