Bitcoin has an edge over the US dollar in terms of the inflation rate

[Lens1000]

Bitcoin's role in the financial markets has evolved from store of value to inflation hedge, but the asset's deflationary condition is beginning to play a role when compared to the US dollar. Bitcoin's inflation has achieved a new low of 1.8 percent, with 90 percent of the cryptocurrency already in circulation.

In other news, inflation in the United States has continued to rise, reaching 6.8% in 2021, the highest level since 1982. As a result, when compared, Bitcoin comes out on top with a 3.7 times lower inflation rate.

It was known that the bitcoin was used as a tool to fight inflation in so many countries. The mayor of Miami used to fight inflation In his municipal. The earlier we realise this peculiar feature of bitcoin, the better.

What's your opinion on this?

 

[btaliat]

I wish the world leaders know the influence of bitcoin in fighting and regulating inflation, the persecution against crypto wouldn't have this too much. I could remember when Miami faced trouble of inflation, bitcoin was thought of . El Salvador has already reaping her best idea of investing in crypto, especially bitcoin m now the country has been doing great ever since they adopted bitcoin as their legal tender. In Africa, countries like Zimbabwe which is known to be a failed country judging from the the value of her currency has been eyeing investment on bitcoin just to correct the inflation and devaluation rates.