What about you? How are you managing your investments to combat inflation? Do you think Bitcoin and other cryptocurrencies are effective in this regard? I'd love to hear your thoughts and any strategies that have worked for you.
Inflation has been a big topic for the last few years and so far owning crypto currencies or tech stocks seem to have been the best protection against it. Holding cash, bonds or even commodities wasn't such a great investment and you rather lost purchasing power. Gold for example was already on such high levels during the covid pandemic that the inflation rally didn't push it much higher. And still holding some gold makes sense because of diversification and the risk of a big collapse in the stock market. In general I would recommend to reduce cash levels to a minimum and split the money between stocks and crypto currencies. Stocks pay great dividends that will give a regular income and can be used to buy more cryptos.