Post
Topic
Board Economics
Re: How to survive hyperinflation?
by
moneystery
on 25/02/2024, 09:52:51 UTC

With the rise of inflation in my country, I would rather invest in crypto than any of the above listed by you. In this period, although I haven’t invested in any other assets asides from crypto and I have gained and not too affected by the inflation because of how the value of my assets in crypto is rising against my country’s currency. This has only given me the opportunity to still get the same quantity of goods with the percentage of my income reserved for that purpose every time I want to buy but it hasn’t really helped me become richer than I was before. I love saving in crypto (stable coins)  than in fiat because of the depreciation of the fiat currency in respect to the stable currencies.

what you do might make your country's economic condition worse, but i would probably do the same thing if hyperinflation happened in my country, because the most important thing for me is to save my wealth first. but compared to saving it in stablecoins, i prefer to save my wealth in bitcoin, then some in stablecoins. because bitcoin has the opportunity to increase in value and that can make me profit amidst the hyperinflation that is happening and that might help my finances.