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Wednesday

28 July 2021

Some Analysts Do Not Think Bitcoin Is Protecting Anyone Against Inflation | Live Bitcoin News

Some Analysts Do Not Think Bitcoin Is Protecting Anyone Against Inflation | Live Bitcoin News


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What the heck ever happened to bitcoin serving as a tool that works against inflation.

Bitcoin garnered this reputation last year during the coronavirus pandemic, but as it turns out, prices are continuing to rise, and the world’s number one digital currency by market cap has seemingly failed to get in the way.

However, this time around, it does not look like this is what is going on.

Things like this are typically good for short-term gains and investment strategies, but in the long term, the idea that bitcoin is no better off is a bit scary.

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