#inflation #Binance #BTC Some investors may have chosen bitcoin, according to rumor, to shield their assets from the effects of inflation. But what does that mean?
The need to shield oneself from record levels of inflation has led people to turn to everything they can.
Despite evidence to the contrary, it is thought that the assets associated with bitcoin are inflation-resistant. If you learn that each cryptocurrency is distinct and that some are inflationary by design, things rapidly get confused.
The logic for the frequent promotion of Bitcoin (BTC) as an inflation hedge is the idea that fiat money would ultimately lose value as a result of central banks issuing money.
Investors in cryptocurrencies are speculating because of the rapid reduction in the price of Bitcoin on several issues, such as inflation, which is costing them money in their Bitcoin wallet (exodus dot com/bitcoin-wallet). The number of Bitcoin coins is limited to 21 million, though. In comparison to inflation, Bitcoin has a benefit because of its upper limit. What is the relationship between Bitcoin and inflation? How does it affect you?
