Cryptocurrency & the Economy
Bitcoin and Crypto Will ‘Never’ Hedge Against the Future of Inflation
Am I right or am I wrong?
The crypto crash in May of this year is a wake-up call for millions of people who thought cryptocurrencies were a safe way to store one’s wealth.
But the death spiral of Terra Luna and the UST stablecoin proved crypto is not a safe place after all.
Why?
Because, counter to what the Bitboys claim, Bitcoin and every other coin are not a hedge against inflation.
When the economy is in a tailspin, experts and soapbox pundits love to throw around the word “inflation” like some kind of buzzword.
So, let’s dive in and see what inflation really is.
And how it negatively impacts your crypto holdings.
The Mechanics of Inflation Explained
What is inflation?
Inflation is when the prices of goods and services go up in the economy of a country. For example, if the inflation rate is 2%, that means that prices have gone up by 2% since last year.
But in the United States, we’ve seen the inflation rate increase significantly.
