Covid 19 pandemic actually had its significant impact on the economy but currently they have been countries that have scale through this crisis and right now the major cause to worry about is the inflation that continues to rise and if this persist it would lead to an economic crisis which might be have a major impact than Covid 19. Government has risen the the interest rates also to curtail this but would this be the lasting solution I doubt.
Another threat to economic crisis is the war between countries like Russia and Ukraine which has affect the energy supply as the European countries placed restrictions on Russia.
The major concern for currency devaluations is the excess paper printing of them.
one potential solution that has been suggested by some is investing in Bitcoin and other cryptocurrencies as a hedge against inflation and a store of value in uncertain times like this. What do you think about this idea? Do you believe that cryptocurrencies are a reliable safe haven asset?
Yes investing into bitcoin can actually provide solutions to the crisis of inflation as it persists. Currently with the on going rise bitcoin has the ability to edge against just like assets like gold. But aside bitcoin the other Alticoins are not advisable because of the pump and dump scheme most of them exhibit. Not saying bitcoin is not volatile but at least a longer term holding can help to curtail its. Also it is better to diversify one’s portfolio within different assets but do not invest in multiple Alticoins as diversification of portfolios. Real estate and other stores of value will be better
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thank you very much for the Valid points you listed, The excess printing of Paper money is a biggger threat of inflation than government aids to businesses.