Lack of proper financial services boosts crypto ownership in Nigeria, says report
One of the main reasons investors across the globe seek to diversify traditional assets into crypto is to counter rising fiat inflation.
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One of the main reasons investors across the globe seek to diversify traditional assets into crypto is to counter rising fiat inflation.
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries.
Musk acknowledged that assets that are predominantly scarce — such as physical property and company stocks — help investors in maintaining their purchasing power against high inflations.
Bitcoin‘s role as an inflation hedge is popular, with one expert stating that ”you don‘t need Bitcoin until you do.”
Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia.
BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended.
As Venezuela and Iran find themselves caught up in the cryptocurrency revolution, could this have saved the Roman Empire from crumbling into infighting and crippling inflation?
Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira's falling value.
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions.
According to official data, Russia’s inflation rate reached 8.1% in October, the highest level in almost six years.