{"id":14047,"date":"2021-11-19T12:54:25","date_gmt":"2021-11-19T07:24:25","guid":{"rendered":"https:\/\/zebpay.com\/?p=14047"},"modified":"2021-11-19T12:54:25","modified_gmt":"2021-11-19T07:24:25","slug":"us-dollar-loses-91-value-what-about-btc","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/us-dollar-loses-91-value-what-about-btc","title":{"rendered":"Bitcoin goes nuclear while $USD tanks!"},"content":{"rendered":"\n<p>Inflation is the silent killer of purchasing power. Inflation is the decline in purchasing power reflected in the increase in price levels over time. Actually, forget definitions. This will explain inflation (and bonus: deflation) best!<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/JpTcnX_w2zm9uMvYABaF6KzJvUmbk-QHr6dpAYpOWTs_oGCMt_OU5mmehJBXAin2DzVErdMPPmbK41q0VKc1C6qDkdVPIMbDpA33v-lyNO5eBwUZRjyIPh21EHGBs5Fv3gfUEKXC\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>Offlate really has been eating into the economy. A number of nations\u2019 governments have failed to control or manage a steady inflation rate.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Inflation is happening globally \ud83c\udf0e<br> <br>\ud83c\udde8\ud83c\udde6 4.4%<br>\ud83c\udde9\ud83c\uddea 4.5%<br>\ud83c\uddf5\ud83c\udded 4.8%<br>\ud83c\uddf3\ud83c\uddff 4.9%<br>\ud83c\uddff\ud83c\udde6 5.0%<br>\ud83c\uddfa\ud83c\uddf8 5.4%<br>\ud83c\uddea\ud83c\uddf8 5.5%<br>\ud83c\uddf2\ud83c\uddfd 6.0%<br>\ud83c\uddf5\ud83c\uddf1 6.8%<br>\ud83c\uddf7\ud83c\uddfa 8.1%<br>\ud83c\udde7\ud83c\uddf7 10.3%<br>\ud83c\uddf9\ud83c\uddf7 19.9%<br>\ud83c\udde6\ud83c\uddf7 52.2%<br>\ud83c\uddff\ud83c\uddfc 54.4%<br>\ud83c\uddfb\ud83c\uddea 1946%<br> <br>No wonder <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> is being adopted everywhere.<\/p>&mdash; Ledn (@hodlwithLedn) <a href=\"https:\/\/twitter.com\/hodlwithLedn\/status\/1456723526937948171?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 5, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>So, how do we escape this? How do we protect our hard earned money?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-enter-bitcoin-a-hedge-against-inflation\">Enter Bitcoin, a hedge AGAINST inflation.&nbsp;<\/h3>\n\n\n\n<p><a href=\"https:\/\/zebpay.com\/in\/buy-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a> is a deflationary coin. This means the circulating supply of the coins reduces over time. This is incentive to prevent the market from being oversupplied and to improve value of the coin.&nbsp;<\/p>\n\n\n\n<p>Every year the supply is cut down by 2%. The smaller the supply, the higher the demand, the more the price rises.&nbsp;<\/p>\n\n\n\n<p>The argument has proved very solid as Bloomberg conducted this thesis:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cBloomberg Opinion\u2019s John Authers has done the math: Over the last decade, the headline consumer price index has risen roughly 28%, and denominating that gauge in Bitcoin shows deflation of 99.996%. In other words, what cost one Bitcoin 10 years ago would now cost 0.004 satoshis, or a smaller unit of the cryptocurrency that now trades at around $65,000.\u201d<\/p><\/blockquote>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/JTEawbmvXUL7aZMKOXYxFRl2SLwtbosR1ya1aS95Mn3vv820KUya-CeStsOtB9PwhNUoOOZvvMSe6HV_Ko1gF7LxTNSof5u_c4dUF9qW6aIS6QFEXqwSvnCvZqihWabTVpx0H1Zj\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/fortune.com\/2021\/10\/08\/bitcoin-not-gold-is-the-new-inflation-hedge-says-jp-morgan\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Even JP Morgan, the giant investment banking company said, \u201cBitcoin\u2014not gold\u2014is the new inflation hedge.\u201d<\/a><\/p>\n\n\n\n<p>Still not convinced? I\u2019ll give it one last shot.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Purchasing power of $100 over time:<br><br>1950 &#8211; $100<br>1960 &#8211; $80.41<br>1970 &#8211; $61.34<br>1980 &#8211; $28.88<br>1990 &#8211; $18.21<br>2000 -$13.82<br>2010 &#8211; $10.91<br>2021 &#8211; $8.7<br><br>In 70 years, $100 dollars lost 91.3% of its real value<\/p>&mdash; Blockworks (@Blockworks_) <a href=\"https:\/\/twitter.com\/Blockworks_\/status\/1460068172980183040?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 15, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/JoePompliano\/status\/1457853660201897989?s=20\n<\/div><\/figure>\n\n\n\n<p>I rest my case.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Inflation is the silent killer of purchasing power. Inflation is the decline in purchasing power reflected in the increase in price levels over time. Actually, forget definitions. This will explain inflation (and bonus: deflation) best! Offlate really has been eating into the economy. A number of nations\u2019 governments have failed to control or manage a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14047"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=14047"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/14104"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=14047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=14047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=14047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}