Winston

Does holding Cryptocurrency Affect Inflation Rates?

By NickytheClone | The Clone Chronicles | 11 May 2022


           It merely seems like plausible theory to me. There has to be a viable percentage of cryptocurrency holdings that are causing fiats transactions to decrease. Market tendencies have often shown that when   local and even larger market businesses thrive, inflation decreases. I am a big fan  of cryptocurrencies, and everything they resemble. But if you still aren't startled by recent trends, you're a badass.

I have seen so many failed attempts  to predict the crypto market lately that it has taken quite some wind out of my sails to say the least. Be assured, i am not pointing fingers, because i would not be reading yalls threads if I knew what the hell I am doing when it comes to the crypto market. I think the most disheartening thing to me is that I haven't seen any crypto news that made me definitely think, "Crypto will thrive forever." I know this isn't the best platform to share these sentiments, but I have moved most of my assets to more stable ventures. Quite luckily, i did that 3 weeks ago. Perhaps this is a good time to put assets back into crypto, but I imagine Ill take a breather from the crypto market.

        I imagine my general question is: Are cryptocurrencies also contributing to  the "offshoring" or "reshoring" of more localized, governed currencies? And if so, will cryptocurrencies someday become the fall of economic dynasties?

How do you rate this article?


7

1

NickytheClone
NickytheClone

I am a traveler & I enjoy analyzing and trading digital currencies. I enjoy beer & all the food from all the lands and seas. I am from Arkansas and strive to see as much of the beautiful country of America as possible in my short spell above ground.


The Clone Chronicles
The Clone Chronicles

Earning, Staking, Farming, Day-trading, Mining....If it involves cryptocurrency, chances are I've dabbled in it. Crypto has been an interest of mine for over 5 years. Nothing makes me happier than sharing the small amount of knowledge I have accrued. Cryptocurrency has made life easier for me, and I wanna share that with you.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.