Can Bitcoin Help You Beat High Inflation? What the Experts Say
Discover how Bitcoin can be your solution against high inflation. Learn from the experts about the potential of Bitcoin as an inflation-beating asset. Since the emergence of cryptocurrencies, a lot of things have been said about Bitcoin and other digital assets. While some people hailed Bitcoin as the next world currency, others flat-out called digital […]
Bitcoin Hits Record High in Argentine Pesos Amid Economic Woes
Bitcoin (BTC) has reached an all-time high price in Argentine pesos, as the local currency suffers from high inflation and capital controls. The peso (ARS) has been dogged by inflation in recent years. This has intensified recently, with inflation now topping the 100% mark. BTC’s popularity, meanwhile, is on the rise in Argentina. Currently, 1 […]
Zimbabwe Bets on Gold-backed Digital Currency to Beat Inflation
The Reserve Bank of Zimbabwe plans to launch a digital currency backed by the country’s gold reserves and used as legal tender. The move aims to stabilize the Zim dollar, which has been losing value against the U.S. dollar. RBZ hopes people can exchange their Zim dollars for gold-backed tokens to protect their savings from […]
Bitcoin Price Rises After U.S. CPI Data Falls for Ninth Month in a Row
Bitcoin price rises after the U.S. Bureau of Labor Statistics released its latest Consumer Price Index (CPI) report, which shows a ninth consecutive month of falling in March. The latest CPI report indicates that Bitcoin’s price is rising as consumer prices grew 0.1% on a seasonally adjusted basis in March, after a 0.4% increase in […]
Bitcoin Recommended as Inflation Hedge Canadian PM Reacts
The new leader of the Conservative Party, Pierre Poilievre, said earlier this year that he thinks bitcoin is a good way to beat inflation. On Monday, Canadian Prime Minister Justin Trudeau said that the opposition party was wrong to tell people to invest in bitcoin to fight inflation. “Telling people they can avoid inflation by […]