Can we protect ourselves from inflation with crypto?

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(Edited)
Authored by @kolus290

Cryptocurrencies can definitely save our lives in an inflation, but that depends on the cryptocurrency, especially Bitcoin (BTC) or Ethereum (ETH) which are stable currencies and always tend to raise their price considerably over the years.

This may be the best thing to relieve us from inflation, but from my personal point of view, I prefer to invest in gold guys, why? because it is simply less volatile than cryptocurrencies.

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Source Edited in Canva

There are countries, especially in Latin America, that use cryptocurrencies to protect themselves from inflation, and even all businesses should accept cryptocurrencies, but this is not very profitable for many governments. From my point of view cryptocurrencies have helped many people to protect themselves from inflation, even cryptocurrencies are more like an investment asset for many expert traders.

The solution is something very clear to see, especially in a bull market, for example, when we have a bear market the best thing to do is to buy a cryptocurrency and wait for its price to rise and generate a considerable return for you guys.

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I should even mention that the Bitcoin (BTC) was created to alleviate inflation, at some point there was a very serious financial crisis, I think it was in 2008, I really do not remember very well.

When this financial crisis happened the Bitcoin (BTC) was developed to protect against inflation, I remember reading that inflation was very strong and an asset was needed to protect against inflation.

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Nowadays having the necessary knowledge to invest and know how a cryptocurrency works is essential to be able to enter this world successfully guys, Blockchain technology will soon be the financial technology of the future, what do I mean by this? That soon we will all be paying in cryptocurrencies.

Disclaimer: All images shown in this post, are not copyrighted, in any case I have the necessary permission to trade them, this is for educational and entertainment purposes, I am not responsible for losses, this post is plagiarism free.

All rights reserved.

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