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.
While the announcement came as a surprise to some, a digital Lira has been in the works since 2019
Amid inflation woes, Turkey announces CBDC tests planned for 2021
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients.
Bitcoin the third 'most crowded trade' in global fund manager survey
Mainstream news agencies are beginning to provide positive coverage of Bitcoin, acknowledging its proper significance as an asset as the US dollar nosedives.
Reuters runs the headline Bitcoiners have longed to read
Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000.
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Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin.
Macro factors could bring Bitcoin to $1 trillion market cap, strategic investor says
You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin.
Bitcoin is the best treasury reserve asset humanity’s ever had