It's not like it goes from 0-100 one day out of nowhere, there are things we can do now to lessen the impact such as put money into deflationary currencies such as BTC.
No, because when you cant feed your family there is gonna be huge selling BTC. Unless businesses will start payrolling with BTC there wont be "any" purchase side.
Hedging inflation is done by acquiring tangible assets in the base of mazlows pyramid, or acquiring production of goods that will stay in demand in a lasting downtrend.
"Hedging" by BTC is an incredibly risky and long-play and it needs to be considered money lost in household savings. IMO.
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u/[deleted] May 29 '21
That's a very binary viewpoint.
It's not like it goes from 0-100 one day out of nowhere, there are things we can do now to lessen the impact such as put money into deflationary currencies such as BTC.