I'm new to bitcoin and i have a question. isn't bitcoin suppose to protect our savings against inflation? why the bitcoin price are going down when the govt inflation number are higher?
Cause it’s turbulent. You don’t buy it and it only goes up you buy Bitcoin then you wait years and it gradually goes up.
ASAP1492 on
Inflation isn’t a number; it’s something that happens over time
Technical_Car3729 on
It’s global liquidity
People need money.
Molasses_Calm on
Because it’s a risky asset. High inflation means rate hikes. Money is then pulled away from riskier assets. Look at the price of bitcoin over the last 10 years though and stop paying attention to day trader moves.
4 Comments
Cause it’s turbulent. You don’t buy it and it only goes up you buy Bitcoin then you wait years and it gradually goes up.
Inflation isn’t a number; it’s something that happens over time
It’s global liquidity
People need money.
Because it’s a risky asset. High inflation means rate hikes. Money is then pulled away from riskier assets. Look at the price of bitcoin over the last 10 years though and stop paying attention to day trader moves.