Modern Economic Nonsense — Crypto winter prolonged with high inflation persists
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Join BitDAO to earn a $BIT token here Thanks for reading xuanling11’s Free Newsletter! Subscribe for free to receive new posts and support my work. It’s been a challenging few months for the crypto world with prices falling since the start of January. However, this has also had an impact on the wider economy, which has resulted in high inflation rates. Cryptocurrencies are considered as a medium of exchange and are not meant to be saved or stored for future use. Therefore, holding cryptocurrencies attracts higher interest rates than holding traditional assets like government bonds or cash. The effect is that even though prices have fallen, it’s left investors with higher amounts of capital invested in cryptocurrencies than before. Furthermore, the prolonged crypto winter is another contributing factor to increasing inflation rates; as there is less demand for goods and services outside of the crypto community.
Modern Economic Nonsense — Crypto winter prolonged with high inflation persists
Modern Economic Nonsense — Crypto winter…
Modern Economic Nonsense — Crypto winter prolonged with high inflation persists
Join BitDAO to earn a $BIT token here Thanks for reading xuanling11’s Free Newsletter! Subscribe for free to receive new posts and support my work. It’s been a challenging few months for the crypto world with prices falling since the start of January. However, this has also had an impact on the wider economy, which has resulted in high inflation rates. Cryptocurrencies are considered as a medium of exchange and are not meant to be saved or stored for future use. Therefore, holding cryptocurrencies attracts higher interest rates than holding traditional assets like government bonds or cash. The effect is that even though prices have fallen, it’s left investors with higher amounts of capital invested in cryptocurrencies than before. Furthermore, the prolonged crypto winter is another contributing factor to increasing inflation rates; as there is less demand for goods and services outside of the crypto community.