I always wondered if inflation, in addition to all the bad things it brings to society, has some benefit that could be useful for each of the people who are harmed by this type of case, and the truth is that it seems incredible to me that It comes only to cause anguish and destabilization. Or do you think it has some benefit? Because it seems to me that there is nothing good about this event attacking countries and the worst thing is that it is inevitable, everyone is or will be going through inflation, The only thing I see as good about it is that it forces people to look, for alternatives that could be useful and more profitable when it comes to future stability.
Lately, these second options that I refer to deal with innovation focused on cryptocurrencies. Many businessmen are aware of this and apply it in their respective territories. To give an example, we have Spain, in a news story I read about this country in an article written in Spanish, is highlighted the increase in inflation and the interest that many retail investors have shown in focusing on the area of technology and virtual currencies to cope with what is happening. This is what Laidler, a global markets strategist, comments on, providing his opinion on the situation that Spain is experiencing and the measures that retail investors have been taking, according to him:
Crypto is now the second most popular asset class after stocks for retail investors, with 34% of retail investors owning crypto and making it an asset class dominated solely by retailers. It is easily the best-performing asset of 2024 so far, driven by a fundamental contraction in supply and demand, with strong demand for new Bitcoin spot ETFs, and with just under 30 days left until the halving.
For me it is a strategic decision, because in any case it is expected that at some point what will dominate is this type of asset and the one that will improve the quality of life of many.
SOURSE:
https://es.cointelegraph.com/news/spanish-inflation-increased-and-investor-interest-is-in-the-technology-sectorYou're right, inflation can act as a catalyst. When traditional financial systems struggle to maintain value, people naturally seek alternatives. This often leads to innovation and the exploration of new financial solutions, like cryptocurrencies.
However, it's important to remember that cryptocurrency investments come with inherent risks. Security concerns, potential regulatory changes, and extreme market volatility are all significant factors to consider before investing. While cryptocurrencies may hold promise, it's still too early to say definitively whether they'll revolutionize finance and become a widespread solution for improving financial well-being.
I think in this case , inflation act as a catalyst. When traditional financial systems fail to protect value, people seek alternatives, which can lead to innovation and the adaptation of new solutions.Cryptocurrency Risks: It's essential to remember that crypto investments come with inherent risks. There are concerns about security, regulation, and extreme volatility. It's too early to definitively say whether cryptocurrencies will truly revolutionize finance and become 'assets that improve the quality of life' on a wide scale.