Post
Topic
Board Bitcoin Discussion
Re: Does inflation affects bitcoin?
by
Mahirap
on 22/02/2023, 23:37:05 UTC
Inflation will effect everything surrounding fiat. Bitcoin is no exception here, but the price is quite right to buy bitcoin now and hold them. Because as we can see clearly inflation is not going to stop anytime soon. The price of everything will go high and nothing can hold them down.
I don't see the connection between having high price goods and consumables with bitcoin's price. Bitcoin is a deflationary asset and the more the price of these goods is being ticked in by inflation then that means that bitcoin's going to be higher than theirs.
The higher the price of everything goes the lower the value of fiat will be, so if you want to buy bitcoin now you have to pay higher price against US dollars. Not everyone here is from USA so the exchange rate of USD is taking a part here.