Lens1000
VIP Contributor
Bitcoin is the best asset for people who want to preserve their money from inflation, according to Mike Novogartz, a billionaire and CEO of Galaxy Digital.
He went on to say that bitcoin should be the currency of choice for everyone, especially countries with high inflation rates. Bitcoin's track record clearly indicates that it may be utilized to lower inflation rates.
Suarez, the mayor of Miami, used bitcoin to reduce inflation in his city.
The low performance of gold disappointed those who invested in the precious metal. Gold was hovering around $1800, despite the fact that it should have been worth much more for a long time.
El Salvador took advantage of the potential presented by the cryptocurrency ecosystem, and the country has reaped significant benefits since adopting bitcoin as its official currency.
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He went on to say that bitcoin should be the currency of choice for everyone, especially countries with high inflation rates. Bitcoin's track record clearly indicates that it may be utilized to lower inflation rates.
Suarez, the mayor of Miami, used bitcoin to reduce inflation in his city.
The low performance of gold disappointed those who invested in the precious metal. Gold was hovering around $1800, despite the fact that it should have been worth much more for a long time.
El Salvador took advantage of the potential presented by the cryptocurrency ecosystem, and the country has reaped significant benefits since adopting bitcoin as its official currency.
How do you see this statement?
