source
Every time I am thinking about inflation I see myself spending too much for the same thing I can purchase with less a year and a half ago. I guess inflation is part of the everyday talk lately. For many inflation has been a problem they have to deal with for more than 20 years. Somehow in the US, it is not a new adage but lately it is running high. You do not have to look further to get a glimpse on how crazy it is going.
The same gallon of gas that you can buy for $2.14, now easily $3.14. A giant dollar more for something we should have enough. Just a parenthesis, buying an electric car makes a lot of sense these days. You become conscious of your expenses quick every time you go to the pump. Going to the market is getting out of hand, the prices are going up due to fuel consumption. Somehow everything roams around the gas price.
Another part of inflation is where the dollar is going down infinitely. Gold should be the next best idea to combat that erosion of the dollar. Crypto like #bitcoin has crashed the party. Today alone ATH of BTC has proved we have a long way to go to control the volatility. Gold has risen but not to the point of having a volatility to drop it down like BTC.
Hard to compare both assets in the eyes of the holders. So you can understand the rapport of such movement from BTC $69k to $63k. IF you are a holder, this is the way it is. Lately less and less BTC is leaving exchanges for the best action later. The exchanges outflow are at 12.9%. We all know where BTC is coming from. If miners are not selling, there will be a crunch in the price soon enough. As always traders are taking profit the minute they find the hole to punch.
Soon after $70k is on the horizon, the minute enough resistance can accommodate some feats. While it is good to stay put with inflation, crypto is doing its part to ease the pain. As long you are producing, you have to leverage your earning the best way possible. #Gold as an asset class is helping its clan. If you are reading this, crypto should be your point of interest.
Sometimes I have a feeling good news cannot last long with crypto. Luckily there is more than BTC to rely on. Inflation is satisfactory to make the beating heart of the market move. If it is not controlled from the right point like the fuel in the US, it will be hard to lower anything that move cause of the fuel. Whoever control the fuel, control a huge part of the market. And then inflation will come rampant to exacerbate the need for a change.
Looking at crypto from afar, you can see it is the balancing act where the financial world needs to survive. We so believe in so many applications, why not allow blockchain to run this system. Glad it starts with you and I. Since inflation may render life harder, it is up to us to adapt and find ways to remain relevant.
Crypto is the benefactor on that instance.
You know the drill, keep vesting and keep your eyes open. So easy to lose everything in crypto verse.
