Bitcoin/Crypto Has NO Impact On Inflation?? | |
Anonymous Coward User ID: 80559328 Canada 01/12/2022 09:04 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 81605709 United States 01/12/2022 09:06 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80899930 United States 01/12/2022 09:16 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80899930 United States 01/12/2022 09:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 81605709 United States 01/12/2022 09:20 AM Report Abusive Post Report Copyright Violation | The Dollar(DXY) and Bitcoin(BTC) are directly correlating assets. When BTC rises in value, DXY has to account for more dollars printed when gains are realized, thus inflation occurs. When DXY rises in value BTC declines in value and volume of trades. Quoting: Anonymous Coward 80899930 Like a snake eating its own tail...how is the Fed okay with it? |
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Anonymous Coward User ID: 80894412 01/12/2022 10:46 AM Report Abusive Post Report Copyright Violation | Yup...think about it and ask yourself who would create it... 3 trillion in Cryptomarket value..... All on a digital asset......that if it didn't exist would flow into real estate, gold, treasuries etc etc Cryptos just buying time for the central bankers..... It relieves some of the pressure from the boiling pot.... Imagine inflation prices on everything if cryptos didn't exist and an added 3 trillion dollars was plunked down on all existing assets.... Madon! |
Anonymous Coward (OP) User ID: 81605709 United States 01/12/2022 11:21 AM Report Abusive Post Report Copyright Violation | Yup...think about it and ask yourself who would create it... 3 trillion in Cryptomarket value..... All on a digital asset......that if it didn't exist would flow into real estate, gold, treasuries etc etc Cryptos just buying time for the central bankers..... It relieves some of the pressure from the boiling pot.... Imagine inflation prices on everything if cryptos didn't exist and an added 3 trillion dollars was plunked down on all existing assets.... Madon! Best explanation I've heard...thanks! |