.
The original cryptocurrency has lost about half of its value since mid-April, fizzling after a spectacular rally that saw it surge above $60,000 from around $7,000 at the start of 2020. It traded Wednesday afternoon at $31,864, and got a small boost after Tesla Inc. boss Elon Musk said he hasBitcoin’s supporters for years have touted it as an inflation hedge like gold, mainly because the bitcoin network has a set limit on the number of units that can be created: 21 million.
Now for the first time in years, shortages of semiconductors, lumber and workers are putting pressure on consumer prices, sparking worries about inflation. At the same time, governments and central banks have been forced to spend trillions to prop up their economies, potentially sapping the purchasing power of their currencies.
paulvigna Well that was shit timing!! Haha
paulvigna So… I should buy more fiat currency?
paulvigna Bitcoin I’m doing $5000 challenge to $55,000+ target in the next 1 month, We will work on binance Future & coin pumps. Started few days ago . 📲DM me if you want to be a part of this,for more details
paulvigna Ironically it is tied to easy monetary policy from Fed and government spending. It’s fueled by debt.
paulvigna Of course it’s no hedge against inflation; it has no value
paulvigna Bitcoin has been a great poverty hedge for me
paulvigna Inflation is transitory due to pent up demand from covid. Bitcoin is a long term investment and compared to gold it has exponential growth potential. If long term inflation really hits then Bitcoin would indeed be a hedge against it
paulvigna you forgot the fact that bitcoin is almost 40k again!!!!
paulvigna This was one of the dumbest and self contradictory stories I’ve seen in a long time. Pathetic excuse for financial news.
paulvigna Bitcoin went down because of tweets from powerful people and rehashed news. A cordinated effort to bring it down, brought it down, NOT inflation.
paulvigna More FUD!!!! SMH!!! BTC
paulvigna Budgetdog_
paulvigna paulvigna to editor We have 7 minutes to release this article or I wasted the last 2 months
paulvigna Are you joking?. Bitcoin has x3 its value in one year against $. x40 in 5 years. x25000 in 10 years.
paulvigna Retweet this in one year
paulvigna horrible
paulvigna bid price32680 $btc
paulvigna Assalamualikum, Keep me and my family in your doa / pray. If Urgent... 📞Call me on ☎ +8801922095828 With Thanks and Regards, AsikBipu(AB)
Never has a currency been attacked like Bitcoin by communist countries. Now BTC $ 32,500 🇺🇲 clean energy and without monetary emission Fiat, that is strength, love and peace ☮️
That pic is from bitcoinemb in Mexico City 🤘
it's an eminence front. It's a put-on.
Ya think ? ….
The price increase caused by Musk’s antics was fake. Before that, its price was fluctuating around the 30k range. So nothing has changed.
Bitcoin is for crooks
This is Fud
the French Embassy, Consulates in Israel victim of infiltration and espionage !!! 2015/2021
BRO WE ARE UP 1000% SINCE THE PRINTING STARTED YOU WANT AN INSTANT REACTION TO 'CPI'? SHUT THE $%& UP
horrible
Now tell us how great gold has been the last 10 years as an inflation hedge?
Sup homies Bitcoin
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