It's no secret that US inflation is on the rise. Dollar strengthened yesterday against euro and pound,which attracts the investors to invest in other assets. Is there a way out of this problem and who is most involved?
Just speculating here, but I think this has to do with the revaluing of the SDR basket. The US is trying to get a higher weight in the currency basket when it is repegged later this year. They obstensively want to decrease inflation but .5% rate hikes aren't going to do that and raising interest rates too far will mean that the US will not be able to pay its debts.
Frankly, I am a crypto investor. I cannot control what covid restrictions are imposed, or the rate of inflation, I can only control my personally life and finances and plan around what is happening around me. I hold dollars, not because I want to as an investment but because I need a certain amount of funds in case of emergency. The rest of my money is in staking cryptos that provide high returns, like MAXX with 80% APY or NEAR with 13% APY, that I believe I will be able to live off of during the next bull cycle. I keep my investments simple and safe so that if something happens to me then my family will be able to withdraw and sell my assets. I'm good at planning and that has kept my head above the water in this bear market.
I agree that staking is a good investment option especially stablecoin staking. Though in my own case, the reward is the platform native token which is on cronos. Its Ferroprotocol, a stableswap with an APR of 546%(as at yesterday evening 12th July 2022). It had got some good interface. And the price is not dumping. There is also Biswap with a good token with a good price and doesn't dump