Trade Analysis & Reviews: 11.02.2022 - US imminent all-consuming...

11.02.2022 07:19 PM

US imminent all-consuming inflation is most important help for buying bitcoin

The upcoming all-consuming inflation in the United States of America is the most important help for buying bitcoin now. Crypto enthusiasts still consider Bitcoin the most powerful inflation hedge against fiat money.

Digifox founder Nicholas Merten is sure that inflation will be huge. He believes that within 3 years the dollar can cost 2 times less, and this is only with emerging inflation.

The US Bureau of Labor Statistics in its latest statement reported a 70% increase in the consumer price index (CPI). The producer price index (PPI) is the most widely used indicator of inflation.

With this development, the rising CPI, as well as the panic on the world stage, now is the best entry point to buy bitcoin. Bitcoin is the gold of the 21st century and now is the last opportunity to buy it to secure your hard-earned funds.

Binance CEO Changpeng Zhao, aka CZ, also noted that during the upcoming inflation, only Binance Coin and Bitcoin will not be affected by it. Another well-known crypto investor and Bitcoin whale Anthony Pompliano is sure that Bitcoin is the best investment.

Pompliano quoted the famous American economist Milton Friedman as saying, "Inflation is taxation without legislation." And during major inflations, the price of fiat falls as supply rises.

Bitcoin is the only lifeline as it is the best hedge asset against inflation due to the limited number of bitcoins, namely 18.9 million in circulation.

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