Inflation is high, and the market is low, especially the crypto market ?.
Does that mean Bitcoin was wrong about its inflation hedge characteristic ??
The answer is: NO! ?
Here is why ?:
Inflation is too much money to chase too few goods. However, the energy cost is very high too.
We are partly to blame because we are too lazy to shift traditional energy sources to alternative energy sources.
Similarly, we rely too much on one man to predict the future (Warren Buffett) rather than creating our future.
“If you … owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Buffett said. “Because what would I do with it? I’ll have to sell it back to you one way or another. It isn’t going to do anything.”
He would not endorse Bitcoin because he is successful in the current financial system. So why would he shoot his foot and bad-mouth the currency system?
Same as Elon, promoting spending more money than saving more.
As ordinary people, we do not be influenced by both extreme cases ?.
To beat inflation, the key is to become a niche in something you are good at.
Bitcoin is the blue-chip of crypto due to its niche in the proof of work.
Also, keep learning and educating yourself to prepare for the future.
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