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[aryan4]

A warning came from American businessman Paul Singer to investors: --- "" An inflation similar to the one in the 1970s can still be experienced and no one is ready for it. "--- She stated that trillions of dollars in coronavirus support packages, wage pressure and very low interest rates have the potential to shock markets.
If her prediction comes true, how do you think Bitcoin could be affected by it?

 

[Niftyicon]

An economy that keeps printing and pumping money to the system should be able to foresee inflation on the horizon and that is why it seems unreasonable to save up your funds in fiat instead of assets be it digital or others.

 

[aryan4]

An economy that keeps printing and pumping money to the system should be able to foresee inflation on the horizon and that is why it seems unreasonable to save up your funds in fiat instead of assets be it digital or others.

I think as far as I understand from your message, you think it is normal for it to have a positive effect on cryptocurrencies..........

 

[Niftyicon]

I think as far as I understand from your message, you think it is normal for it to have a positive effect on cryptocurrencies..........

Yea, sorry, I left that comment out. Bitcoin is being used to hedge against inflation presently by many who could naturally see that inflation bigger than the present one is coming.

 

[achawaskey]

I don't think bitcoin would be affected because investors could see bitcoin as a way out by pumping more money in bitcoin and will increase the prise of bitcoin.

 

[aryan4]

Yea, sorry, I left that comment out. Bitcoin is being used to hedge against inflation presently by many who could naturally see that inflation bigger than the present one is coming.

It doesn't matter, but thank you anyway. As long as inflation concerns continue, I guess it will always be among the Bitcoin investment tools.

 

[Brain]

An economy that keeps printing and pumping money to the system should be able to foresee inflation on the horizon and that is why it seems unreasonable to save up your funds in fiat instead of assets be it digital or others.

Your last sentence is the truth, it is always advisable to save up in tangible assets that wouldn't be devalued easily. like investing in gold, landed property and now cryptocurrency. These ones appreciate in value as the year roll by but same can't be said of fiat currency, the get devalued especially with inflation or hype type of it.

 

[Wisdom01]

Bitcoin would not be affected by it ,instead it could assist and help save the country from rising inflation ,that might actually want to make the country food prices and cost of living increase and people would suffer more , because the money they have won't have value ,those saving in the bank would need to invest in cryptocurrency to save their funds

 

[AudraMiller]

A warning came from American businessman Paul Singer to investors: --- "" An inflation similar to the one in the 1970s can still be experienced and no one is ready for it. "--- She stated that trillions of dollars in coronavirus support packages, wage pressure and very low interest rates have the potential to shock markets.
If her prediction comes true, how do you think Bitcoin could be affected by it?

I think that if there is a rise in inflation like we saw in the past as well then i think that bitcoin will see a massive rise in its price and the people that are turning towards the coins as well. This will rise the demand in turn it will allow the coins to have a higher value. So in a way inflation can be a good thing for this market.

 

[Ben Kempton]

The fact remains that many people were not ready before the pandemic and they realized their mistakes. many companies never had the sufficient amount of reserve funds and this is why they failed in the market and went bankrupt. Some companies limited their business operations during the pandemic and fired many workers. this only increased unemployment and inflation in the countries even more.

 

[Ivanr01]

Yes,thats true. The inflation is in its full might,now everything is going up and nobody dont know how to fix it. Everything is going to split the people between two groups - Rich people and poor people. The average quality is going to split between rich and poor,which is very bad. Bitcoin was effected by reducing its price 30% but now it is starting again to pump,so for the crypto at all this doesnt effect.

 

[Balint098]

Currently, the inflation is pretty high in the US. It's partly caused by the stimulus programs many governments implemented to help people during lockdowns and pandemic. A lot of money in circulation in any given country will surely raise the inflation further down the road. This is not good.

 

[Ben Kempton]

Currently, the inflation is pretty high in the US. It's partly caused by the stimulus programs many governments implemented to help people during lockdowns and pandemic. A lot of money in circulation in any given country will surely raise the inflation further down the road. This is not good.

Inflation is high everywhere in the world and we can say that the pandemic is also responsible for that. United States also have a high inflation rate, but since the earnings of people in there is really high and it is economically strong, this is the reason why inflation rate does not affect the U.S.