What is stagflation, and how could it impact the cryptocurrency markets? By Cointelegraph
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As stagflation goes alongside high inflation and economic downturn, BTC can be seen as a hedge against inflation and simultaneously as a risky asset whose price could fall during an economic decline.
BTC may be seen through the same lens as gold, which traditionally functioned as a hedge against inflation. Indeed, BTC could naturally be an excellent hedge against inflation. First, BTC is a decentralized global means of payment beyond the control of central authorities. Governments have no control over it, making it almost immune to potential corruption and monetary policy.
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As stagflation goes alongside high inflation and economic downturn, BTC can be seen as a hedge against inflation and simultaneously as a risky asset whose price could fall during an economic decline.
BTC may be seen through the same lens as gold, which traditionally functioned as a hedge against inflation. Indeed, BTC could naturally be an excellent hedge against inflation. First, BTC is a decentralized global means of payment beyond the control of central authorities. Governments have no control over it, making it almost immune to potential corruption and monetary policy.
Continue Reading on Coin Telegraph
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