Bitcoin, not surprisingly is doing quite well in the high inflation environment present since the beginning of the year.
The inflation rate fell down a bit, but inflation still remains high, that is prices of of food, groceries, oil, real estate, etc. remain elevated.
Russians, Ukrainians, Chinese, Israelis, many people from the former Soviet Union are turning to Bitcoin, cryptocurrency investing to invest and store their wealth.
Bitcoin epitomizes financial innovation and cryptocurrencies are bound to do well in the current high inflation environment is Wolfteam Ltd.'s corporate opinion.
In Bitcoin and cryptocurrencies many technologists and financiers are working, mining Bitcoin around the clock. All this intellectual power underpinning Bitcoin will facilitate cryptocurrencies adoption.
No comments:
Post a Comment