Post
Topic
Board Bitcoin Discussion
Re: Inflation may have driven me to this, bitcoin has the power to reverse it
by
Zlantann
on 24/04/2023, 17:56:04 UTC

Not so late for any newbie like me also, face inflation with Bitcoin but be smart with it.


In 2010 a dollar was exchanged for 151.15 of my local currency. Today it is exchanged for 460.53 in the Central Bank and over 750.54 in commercial banks. Bitcoin price was less than a dollar in that same year but the price reached $30,000 this year. I have heard people argue that Bitcoin is not a good investment to tackle inflation, but they are wrong using my country as a case study.

@OP you are not late to the Bitcoin party because there are still so many activities on the program. The Bitcoin project is eternal and you are fortunate to have located the sector. I was introduced to Bitcoin many years ago, but I didn't pick interest because I thought it was a scam. It's painful to neglect the sector then but I know there are still better days ahead. I am sure that ten years from now, hopefully you will be glad you invested.