Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Not a Hedge Against Inflation??
by
avikz
on 15/06/2022, 15:01:29 UTC
Bitcoin was in some aspect created to act as a hedge against inflation. More or less it's value was supposed to go up as FIAT value goes down.

Did Satoshi Nakamoto tell you that? Bitcoin was never created as a hedge against the fiat currency and inflation. Bitcoin was purely created for one reason - people get to control their own finances without any third party intermediary. It has nothing to do with inflation or any other global economical issues.

However, when bitcoin became popular people find it more attractive as an investment because it has shown immense potential. But bitcoin's price was never supposed go up when the global market is down or vice versa. It happened couple of times in the past, but that's pure coincidence.