Post
Topic
Board Bitcoin Discussion
Re: Does inflation affects bitcoin?
by
MusaMohamed
on 23/02/2023, 02:49:37 UTC
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.
Inflation globally makes everything become more expensive but it is not what we want. If our salary won't increase at a same or higher rate than inflation rate, we are losers.

Quote
Can inflation which is the high demand of price over few goods or products actually controls the stability of bitcoin pumping or going down?
The global inflation and recession will give people more reasons to plan their lives better financially. For people who have good income and savings in banks or stocks, they will find other assets to get better ROI for their investments. Stocks were boosted a lot by QEs from many big countries but they started to burst recent months.

When millionaires and billionaires look for other opportunities, they would like to find more risky assets like Bitcoin and cryptocurrencies. They will feel more impressive and convincing that since 2009, Bitcoin is a safest asset and best one for investment. Millionaires and billionaires don't bet with their big capitals without DYOR exercises so after they did such and felt impressive, they will spend big capital into this.

ROI charts for 5 years and 10 years don't lie us.
https://casebitcoin.com/charts#roi_chart

I believe in next 10 years, very huge capital flow will be poured into blockchain, Bitcoin and cryptocurrencies.