Inflation is the Problem, Bitcoin is the Solution – Says Michael Saylor by CoinQuora

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© Reuters. Inflation is the problem, Bitcoin is the solution – says Michael Saylor There are crypto enthusiasts who often say that it is a hedge against inflation. Even MicroStrategy CEO Michael Saylor believes the same. Saylor took to Twitter (NYSE 🙂 to say “inflation is the problem”. Bitcoin is the solution. ‘

MicroStrategy CEO Michael Saylor sparked an interesting topic on Twitter today. He tweeted: “Inflation is the problem. Bitcoin is the solution,” which Bitcoin Magazine immediately retweeted to his account.

“Inflation is the problem. #Bitcoin is the solution. ‘ – CEO of Microstrategy (NASDAQ 🙂 pic.twitter.com/VZjXauLRjq

– Bitcoin Magazine (@BitcoinMagazine) October 24, 2021

Like the reaction of the crypto space on Twitter to this tweet, the broader crypto market also has varying opinions and is addressing this issue. More so, this argument says that the printing of money by the central bank will soon lead to inflation or could decrease in value over time.

In contrast, Bitcoin (like other cryptocurrencies) has a fixed limit of coins that can be created. This characteristic of Bitcoin makes it particularly resistant to inflation.

Commenting on this question, Monex Group CEO – Oki Matsumoto said:

There is an insane amount of money printed right now, so the value for the money is going down. Assets with limited supply, like bitcoin, real estate, or stocks / stocks, these prices go up.

Reports indicate that even though the pandemic has resulted in drastic declines in the global economy, the crypto space has still seen an increase in asset prices. Perhaps this is because of new technologies that have emerged in the crypto space over the past year, like NFT, Play-To-Earn Games, Metaverse, etc.

However, there are also records that indicate inflation is not skyrocketing just yet. This brings us to the question, “If this is the case, why do crypto enthusiasts still see Bitcoin as a hedge against inflation?” “

To answer, some believe that people are buying Bitcoin now to escape future inflation. If you think about it, it’s not totally wrong to do.

That said, many crypto enthusiasts also believe that when it comes to serving as a hedge against inflation, Bitcoin is not alone.

Moneyness Blog founder JP Koning said, “If you look around, everything is a hedge against inflation. Your house itself is a hedge against inflation, your table, your personal capital, your education are all hedges against inflation, for all of these things will increase in value as the purchasing power of the currency. will decrease.

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