Quote from: Majestic-milf on Today at 03:23:09 AM

With inflation hitting the UK and causing financial unrest, some experts look to Bitcoin as they feel it could make a positive impact on their some what unstable economy..

I predicted such behavior more than 6 months ago. When inflation hits your economy, a lot of people look to invest their tanking fiat into something they can trust as a hedge against inflation.

Now you might ask why price hasn't gone up. My explanation is that most of the world is not struggling with inflation alone, they are struggling with inflation + recession like in United States. In that situation, people don't have any money to invest because they are already struggling to pay the rent, buy groceries, pay the bills, etc.
Recession is starting to reach UK too but it is not yet as severe as the inflation.

Quote from: pooya87 on March 11, 2022, 12:48:09 PM

In my experience when fiat is dumping people will look for a way to keep their purchase power or at least part of it. That is achieved by investment. I believe bitcoin has become a viable investment for many because of its deflationary nature and the fact that it has been performing excellently all these years.