Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Not a Hedge Against Inflation??
by
pkersey
on 14/06/2022, 01:18:20 UTC
Gold hasn't done too well either. Crypto was b/c it was driven up by covid money printing / speculation. Now the governments are soaking up all those excess dollars try to to rein in the hyperinflation they caused. Bitcoin was $3000 when covid hit. Why wouldn't it go back to $3000? I'll be nice, $6000. That sounds more reasonable. $22,000 is still way too high. And as for ethereum: the protocol make no sense until the transaction fees are fixed.