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.
Bitcoin is effective to offset inflation, Real estate is also effective and those are the two that I have an experience with and I have used to build some defense for inflation. Real estate is more established and would be more costly but investing in Bitcoin is cost efficient. Holding fiats is the worst form of combating inflation because fiats only does one thing which is losing value but your money in Bitcoin and Real estate keeps appreciating in value. Inflation isn't slowing down as more money are being printed and devaluing the already existing ones. If you don't invest your money, you wouldn't be able to avoid things you could afford before because of inflation.
Bitcoin has an appreciating value because of its limited supply and the room for more adoption. Bitcoin is still a new asset and hasn't reached its full potential while Real estate is an area that'll keep appreciated too because housing is a necessity that we'll always need. As the population of the world keep exploding, house will be in limited quantity and it'll drive up the price. Shelter is one of the needs of the world and we need shelter more than anything else excluding food, so it can't be an investment that goes wrong. As inflation becomes the order of the day so will the prices of house either rental or owning one will keep increasing.