Quote from: nelson4lov on October 26, 2024, 11:01:02 PM

Definitely. Anyone who is a firm believer knows this. If you know you're going to be locked in for a long time, you don't sell. You just hold your bitcoin. Everyone knows that Bitcoin will be priced much higher than it is currently being priced at and they speculate about it even. The only downside is always going to be increasing inflation but like I said, just buying Bitcoin gives an edge compared to people who don't and probably just save with commercial banks for 1.2% interest per year lmaoooo.

From how I see things, Bitcoin will surpass $100,000 in less than a year from now; however, even though some economists claim that Bitcoin is a hedge fund against inflation, I somewhat disagree. On the one hand, it has shown that statistically, it has a much higher APY than any other investment; on the other hand, it varies from time to time and may not show any growth for extended periods of time. Banks hardly offer anything anymore; 1% would be considered decent, as most banks offer way less than that. Some investment groups and platforms, though, may offer up to 4% to 6%.

The OP describes taxation as a form of inflation; although this isn't accurate, it has a grain of truth in it. I'm not sure if this is also happening in other European countries; I believe it is, but "green tax" has been imposed on several one-use plastic products, increasing the final cost to the consumer. Isn't that a form of tax-made inflation?