Lens1000
VIP Contributor
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?
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?