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.
Can inflation which is the high demand of price over few goods or products actually controls the stability of bitcoin pumping or going down?
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?
It is said that bitcoin is not affected by inflation, that infact bitcoin was created to hedge inflation. In some aspects the theory is correct but in some aspects the theory is faulty. This is because money used in investing into bitcoin is not from vacuum. When the economy is bleeding, people will no longer invest in bitcoin and people who already invested will start making withdrawals to sustain themselves in the harsh period, from there bitcoin will respond to the inflation.