POSTED ON November 15, 2021 BY Wayne Burritt
I don't have to tell you that no matter what economic stat you're interested in, the belle of the ball is inflation. It's the one that everyone loves to talk about. It's the one that politicians and talking heads like to worry you about. And it's the one that is responsible for a ton of real-world economic horror stories.
And right now, it stands a mind-boggling 5.4% annual rate, way above the Federal Reserve's target rate of 2%. So, as a Bitcoin and blockchain enthusiast, is there something that maybe crypto can do for us as we navigate through increasing inflation?
You bet. And I'm about to tell you why.
Yes, Inflation Is Too High
If you're a fan of moderate inflation, you're probably not feeling great right now. Prices are at levels that haven't been seen in decades.
In fact, right now, inflation stands at an annual rate of 5.4% in September, up from 5.3% in August. And we haven't seen these kinds of levels in a long time. See for yourself...
CONTINUE READING→
I don't have to tell you that no matter what economic stat you're interested in, the belle of the ball is inflation. It's the one that everyone loves to talk about. It's the one that politicians and talking heads like to worry you about. And it's the one that is responsible for a ton of real-world economic horror stories.
And right now, it stands a mind-boggling 5.4% annual rate, way above the Federal Reserve's target rate of 2%. So, as a Bitcoin and blockchain enthusiast, is there something that maybe crypto can do for us as we navigate through increasing inflation?
You bet. And I'm about to tell you why.
Yes, Inflation Is Too High
If you're a fan of moderate inflation, you're probably not feeling great right now. Prices are at levels that haven't been seen in decades.
In fact, right now, inflation stands at an annual rate of 5.4% in September, up from 5.3% in August. And we haven't seen these kinds of levels in a long time. See for yourself...
CONTINUE READING→
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