Bitcoin as a financial safeguard mechanism to fight inflation

in hive-175254 •  2 years ago 

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First of all I want to give a big greeting to all the friends of steemit and especially to the members of this prestigious community such as PH. I want to share with all of you this publication related to some considerations about Bitcoin as a financial safeguard mechanism to fight inflation.

Nowadays, world finances, especially in Latin America, are going through a serious problem, because their economies are suffering from the generalized and uncontrolled inflation in their respective countries, which generates a loss of purchasing power. loss of purchasing power of their currencies.

All this has caused many to turn their attention to decentralized finance and the cryptographic world, finding in cryptocurrencies a refuge from decapitalization, which is why the Bitcoin serves as a safeguard for the value of their capital.

However, there is also a high number of new investors who, despite having compared Bitcoin, do not have enough confidence in it due to the volatility of the crypto world.

At the same time, the panorama of the Latin American economy is undergoing a test run, where the consolidation of the digital financial world is becoming more and more evident, being cryptocurrencies a present and a future.

It is also very important to highlight that from the confidence that is achieved towards the cryptographic ecosystem, education plays a determinant role for all new investors in such a way that will deepen the course they can take to achieve financial transactions on a regular basis as a payment with bitcoin to cancel any expense.

In such a way that the use of cryptocurrencies when it generates confidence, it is done with education using in a regular way, will allow them to grow to the whole cryptographic system and therefore the security of its use will be well seen by all future investors.

To conclude, it is necessary to be able to grow, both the people financially and the crypto industry, for the welfare of all of us who are part of this wonderful world, which allows us to be financially free.

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This post is wonderful, inflation is not only affecting Latin American countries, but also countries like Turkey. I believe that supply and energy problems will arise in the short term and that this will worsen the inflation situation

greetings @stefano.massari
the situation very complex and in my country Venezuela is the same , the electrical and economic problems make to look for financial alternatives and the decentralized economy in a very viable option .
thank you very much for your comments

Bitcoin is a crypto asset in my opinion and inflation is everywhere with any financial instrument that also includes the Fiat currency. I'm not sure how Bitcoin will turn out to be a solution to overcome inflation but if it happens then it's a good idea.

greetings @reeta0119
They are very right in your aside , but they are alternatives where inflation becomes hyperinflation , as in latin america for example. also I think that with the loss of purchasing power today buying bitcoin can generate profit in the medium term , rather than having the money in the bank or in cash .
thank you very much for your comments

Well, i feel that sometimes we overstate the reason why crypto was created in the first place. I believe that crypto sightings inflation is a tough ask as we have a lot of coins and token with inflated values

greetings @lebey1
it is a very valid position and I share it,
thank you very much for your comments

It was my pleasure reading this