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[AudraMiller]

Inflation is something that happens every year, and we do tend to see slight increases in the prices of goods and services, however generally with a slight budget adjustment we are able to account for inflation and still be able to live a comfortable lifestyle. However, this may no longer be the case. In a recent news article, it seems that the inflation in Cuba I expected to be as high as 900 percent this year alone, and this will make the economic situation very hard. For many they say that inflation rates like this don't make bitcoin an option but of a necessity to move forward. What are your thoughts on this?

 

[Brain]

With the new discovery of a very deadly variant eminating from southern africa and my country inclusive we have to brave ourselves for tough times ahead and inflation will surge because we are going in a soft lock down and all flights from Zambia and south africa have been suspended.

We just have to resort to use of cryptocurrency for the supplimentary income as there will be a reduction in the supply of goods and services.

This is why I don't understand it with countries that are banning crypto like my country. Your second statement is the benefit of using crypto. it can used a supplement option with high inflation. My country Nigeria is experiencing same and our money as been so devalued but the government isn't interested in cryptocurrency at all. I just hope they have a rethink soon

 

[Brain]

That is what a lot of people are doing and it makes sense to do this because cryptocurrency is only influenced by demand and supply and therefore it is relatively free from inflation. And with more and more people getting towards cryptocurrency because of the inflation rates, we are likely to see a massive rise in the price as well.

Yesh and it will become more of chain reaction. This is why I would have loved if the government is just liberal and allow people do what they feel it appropriate for their financial life. There's no need putting a cloak to close the road for ones financial freedom. I hope very soon we would have a world that almost all countries adopt and accept the use of crypto currency and we have the growth we desired.

 

[ELSA-ELI]

This is why I don't understand it with countries that are banning crypto like my country. Your second statement is the benefit of using crypto. it can used a https://www.beermoneyforum.com/ option with high inflation. My country Nigeria is experiencing same and our money as been so devalued but the government isn't interested in cryptocurrency at all. I just hope they have a rethink soon

From the publication I came across it turns out that your country has only passed the law to prevent recognition of Bitcoin as a legal tender but your bank governor said people during the protests starting recieving donations through cryptocurrency which if not controlled would have led to escalations of the protests because the funding through crypto kept coming in.


I am keen to learn though on how Luno wallet is still sending vouchers to Nigerians who are making withdrawals.

 

[Flower]

Bitcoin is definitely an option to protect our money from inflation. The inflation is a factor that ravaged the economy of the country. The best thing to do as a country is to adopt bitcoin as legal tender. El Salvador adopted bitcoin and it as transformed their economy. Miami adopted cryptocurrency to fight inflation.

 

[AudraMiller]

Bitcoin is definitely an option to protect our money from inflation. The inflation is a factor that ravaged the economy of the country. The best thing to do as a country is to adopt bitcoin as legal tender. El Salvador adopted bitcoin and it as transformed their economy. Miami adopted cryptocurrency to fight inflation.

It would be best in order to adopt it and the one thing that i like with el salvador as well is that they have their own wallet that can be used in the country and if this is done right then you are able to regulate the flow of the currency as well. AS a result this will help in terms of reducing the sense of anonymity in the cryptocurrency world.

 

[Chibson]

I think bitcoin andcryptocurrencies generally is the solution to inflation because the price of cryptocurrency is mostly affected by demand and supply. a lot of people are now investing in Bitcoin and other cryptocurrency is because they see it as a saver and that is actually the truth. poor countries can take advantage of this and improve their economy.

 

[Karaman]

is my messages happend 100?

 

[Karaman]

Yes sure all-tme "result this will help in terms of reducing the sense of anonymity in the cryptocurrency world"

 

[AudraMiller]

I think bitcoin andcryptocurrencies generally is the solution to inflation because the price of cryptocurrency is mostly affected by demand and supply. a lot of people are now investing in Bitcoin and other cryptocurrency is because they see it as a saver and that is actually the truth. poor countries can take advantage of this and improve their economy.

I do agree with you as well, however i think that one of the concerns that are being raised by the poorer countries is the fact that they do not have the technology and the infrastructure in order to be able to adopt the cryptocurrency as a form of payment or an income source for them. That is a major concern.