I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
Cryptocurrencies are well suited to fighting inflation. It is no secret that money is printed at high speed and is not backed by anything. Many stock market companies are already switching to cryptocurrencies to preserve the value of their assets. Even though the Fed has phased out its bailout and stimulus program for the economy and businesses, in the not too distant future it may resume and money will start to lose value again. This has been happening on a slightly different scale lately than before. Primarily because of COVID. The next time the printer may start to accelerate because of the crisis against the backdrop of a tense geopolitical situation.