Post
Topic
Board Economics
Re: Recession? How to face It?
by
pawel7777
on 23/10/2023, 16:55:03 UTC
I also agree that one way to deal with inflation that will always be recommended is investing in bitcoin. Because, investing in bitcoin will help protect your finances from the impact of inflation. Apart from not being wasteful and having to look for additional work, you also have to avoid debt. Moreover, if you use debt only to fulfill your lifestyle and are consumerist in nature, it is actually less useful.

Sorry, but that's just plain wrong. Bitcoin is not really a good hedge against inflation, especially not for an average person/family struggling to make ends meet. So far, Bitcoin's price has been moving in roughly 4-years cycles, which is not guaranteed to keep happening, and even if, waiting for years for the price to rise is not something that such people could afford.
And even if the BTC hits $100k in the next bull run, that's only 12% a year (since the previous ATH) which not much above the real inflation.