Josemendez
Verified member
It is Crystal clear that the Covid-19 pandemic brought inflation to many countries. The developed and the underdeveloped countries are all experiencing inflation challenges ,and are struggling to see for ways to come out from inflation.
Cryptocurrency analyst has predicted that cryptocurrency especially bitcoin can be able to solve inflation. That the government needs to give their citizens opportunity to invest in cryptocurrency .
To an extent I believe that bitcoin can be able to achieve this height. Bitcoin is costly and at the same time volatile. When people invest in bitcoin , they have to move a lot of money to be able to buy a reasonable amount ,this will help reduce excess money in circulation especially when there is long term holdl of the coin.
The hike in price of living can be controlled if people can gain profit from their crypto investment unlike when their money is in non volatile Fiat currency.
Do you think that bitcoin can solve Inflation ?
Cryptocurrency analyst has predicted that cryptocurrency especially bitcoin can be able to solve inflation. That the government needs to give their citizens opportunity to invest in cryptocurrency .
To an extent I believe that bitcoin can be able to achieve this height. Bitcoin is costly and at the same time volatile. When people invest in bitcoin , they have to move a lot of money to be able to buy a reasonable amount ,this will help reduce excess money in circulation especially when there is long term holdl of the coin.
The hike in price of living can be controlled if people can gain profit from their crypto investment unlike when their money is in non volatile Fiat currency.
Do you think that bitcoin can solve Inflation ?