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Michael Saylor shared: Bitcoin offers hope to a nation beset with Inflation.
For clarity, Venezuela is the country with the highest inflation rate. Inflation has led to an overall increase in prices and fall in the purchasing value of money. Their unit of currency can buy less than what it previously was capable of. Inflation is a warning sign of a struggling economy; however, there are some who look at it as a prospering economy.
Inflation will hurt those who keep cash savings and workers with fixed wages. However, inflation will be beneficial for those who have large debts and they will find it easier to repay their debts with rising prices.
When the inflation rate of 2% is maintained, it is believed that inflation will be low and stable. Thus, everyone will be able to plan and save for their future. When the inflation is high, it can get difficult for people to set right prices and spending can be difficult.
So, Saylor is trying to establish that Bitcoin offers hope to nations with inflation.
Community Response: Is that why it’s down 30% over the past month as inflation hits highest rate in over 30 years?
The bears beat slowly and hard, your skirts caught fire. You’ve been in trouble to get away with advertising at length and making millions pay off. But a voice inside of me is a huge damage to the notebook and it sounds like you’ll be in trouble if I sell it even if it rises for many years.
What’s it is up over the past 2 years as fear of inflation started to hit. People don’t buy news they buy rumours.
New holders of Bitcoin are selling because of a macro “risk-off” sentiment. This is foolish to apply to Bitcoin, but it happens because we’re still very early. Bitcoin is not a risk asset. It’s a safe haven that’s misunderstood.
You could, hypothetically, also measure from the period when inflation started ramping up due to co-vid. Just saying. Anything will over and undershoot periodically.
You think it’s down now, just wait till student loan payments kick back on.
Are you saying we should storm the U.S. Capitol? Ah yes, the Tucker “look around dumbo” argument – very articulate and persuasive. Surely you have better people to retweet? This kind of content hurts bitcoin more than it helps.
Tucker on bitcoin seems to me a classic example of “even a broken clock is right twice a day”.
Did you listen to anything else he said? Do you seriously need someone to explain how inflation hurts poor people?
He talks about Bitcoin and inflation every other night it seems. He’s been much more articulate about it – this was not a good example. Tucker gets it.
That “economist” is a dumbo. Tucker is right. You privileged fools wouldn’t know anything about inflation. I’ve lived through triple digit inflation a year. So, yeah. It does hit low-income households VERY hard.
After all, we know what to do when inflation is at your doorstep. Bitfinex doors are always open. That’s great. The message will reach a huge audience of white nationalists, anti-vaxxers, housecat libertarians, and Trump supporters.
There are numerous Turkish people suffering from exchange rate, inflation, and taxes. Undoubtedly, this is so not everyone knows about it. Do not pay your student loans, invest that money into bitcoin. Do not let social (credit) score control you.
These Fox News political hacks are not good representation for Bitcoin. They will hurt it more than help, because they turn everything political. Bitcoin is economics not political. Going on such shows and promoting such content is negative.
Ask a financial advisor What’s the average age of his clients that actually have any money. Then ask, do you have any under 30? 40? 50?
It might say more about a decision to try and attract a different demographic to the program than an actual belief. Though TV actors have no beliefs.
Bears are in control. The young have been excluded economically for some time now. The young can’t afford a typical middle-class life on their own anymore.
