Bitcoin and the blockchain will accelerate inflation in ways no one is predicting.
1.) It’s takes large amounts of energy to mine a bitcoin. Cryptocurrencies affect the consumer economy.
2.) Cryptocurrencies are accelerating the collapse in faith for sovereign currencies. Central banks have been printing and digitizing currency for too long. Cryptocurrencies lower currencies value.
3.) Central banks are most likely purchasing large amounts of cryptocurrencies in order to control it. Once derivatives are created for cryptocurrencies more risks will come. Cryptocurrencies will bring about greater speculators.