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As inflation concerns intensify, this can put Bitcoin back in driver’s seat
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ambcrypto.comInflationary concerns have been getting graver with every passing day. At this stage, a few nations have acknowledged it as a real problem, while the rest, continue to bury it under the blanket of neglect.
Other than depending on assets that act like hedges, there’s hardly any way to protect one’s savings from inflation’s grip. BTC, the crypto market’s largest coin by capitalization, has however been associated with the aforementioned tag. And to a fair extent, it has been able to shield the common man from the clutches of the day-to-day rise in price.
However, to continue to do so, it should be able to retain its valuation with time.
Apart from the usual fundamentals and factors like velocity and squeezes, Bitcoin’s value is likely to be
Read more on ambcrypto.comAbout this in other media
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Bitcoin Back Over $50,000, As Market Calms After Weekend Turmoil ndtv.com /3 years ago
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