Many nations at point of time are going through cashless policy and this policy affects price of things in different market regions of the world.
Theoretically a cashless society or policy does not affect the prices of things. It is simply a means of accepting payment through other channels besides collecting actual cash.
Can inflation which is the high demand of price over few goods or products actually controls the stability of bitcoin pumping or going down?
Inflation which is a drop in the purchasing power of fiat currencies, meaning more money is needed to make purchases does affect any asset, Bitcoin included.
Because I believed where people are facing high price over fewer goods makes it difficult for people to trade bitcoin with little or no capital! So can inflation makes the market cap of bitcoin not having a reality face of surviving?
Inflation exposes the frailties of fiat currencies, pushing people to an inflation resistant asset like bitcoin and thus driving the value up.
- Jay -