7 misconceptions about bitcoin
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| How to earn bitcoins fast and easy 2021 hairstyles | Aside from Bitcoin, there are some other go-to deflationary assets for investors to save their wealth by hedging against inflation. As a result, individuals and businesses invest in gold, real estate and other assets to protect themselves from future inflation. Relatedly, this is also incorrect because crypto is not and never has been a functioning currency. The crypto argument � that printing more money leads to inflation � does sound compelling, Michael Ashton, inflation consultant and JPMorgan alum, told CoinDesk. However, the percentage of which the price appreciation of deflationary assets counters the devaluation of the fiat currency varies depending on the value of the USD. |
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Do cryptocurrencies actually protect you from inflation?Yes, cryptocurrencies may experience inflation. Different cryptocurrencies have different monetary policies, and thus may be subject to different rates of. In the digital asset world, inflation relates to new coins being introduced to circulating supply, typically by miners and validators. Cryptocurrency prices seem to be less affected by macroeconomic factors than prices of more traditional financial assets.
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