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.
For most people, inflation is a negative phenomenon, especially if their monthly income remains the same as before inflation. This leads to the fact that the average person can no longer meet his personal life needs and has to start looking for other sources of income, which means that he has to work more, which means that he is more exposed to physical and mental efforts. However, inflation does not affect everyone in the same way, because the rich are still rich and have far more money than they need.
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.
People will ride any wave if it makes sense to them at a given moment, and cryptocurrencies are currently a hot topic not only in Spain but everywhere in the world. If the price of BTC was half as much and nothing significant was happening, few would decide on such an investment.
Therefore, I think that inflation is not the main driver (motivator) for investing in cryptocurrencies, but it is about the fact that the expectations for this and the next year are extremely high, and this optimism spreads like a virus among all those who think that they can make easy money this way.