Debate has been raging on whether cryptocurrencies with a fixed supply are good or bad. Do they increase prices and demand, or stymy spending?
Inflation News
Inflation is the excessive increase in the amount of money traded which leads to their devaluation. In terms of inflation in cryptocurrency, it is considered to be impossible because of the limited number of Bitcoin that can be issued, so the only thing that can cause inflation of cryptocurrency is the total absence of demand. Besides that, Bitcoin itself can’t be led to inflation by any person or government, as there are no ways to increase supply that will surpass the fixed amount of issued cryptocoins. According to its increasing popularity and demand, the price of cryptocurrency is only going to get higher. Because of hyperinflation in some developing countries, Bitcoin has become a popular way to secure money against inflation.
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Venezuela has reportedly automatically converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro.
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by Iyke Aru
The ability of Bitcoin to resist inflation makes it an automatic safe haven for embattled economies like Venezuela’s and Nigeria’s.
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by Joseph Young
The Bitcoin monetary inflation rate decreased from 30~50% in 2011 to 4% this year, demonstrating the rapid mainstream adoption of the cryptocurrency in various ...
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by Omar Bessa
Argentina’s new president, Mauricio Macri, is good news for the legal status of Bitcoin in the country.
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