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If Bitcoin reaches 1 million and I hold a lot of Bitcoin in my wallet, how can I get profit without selling Bitcoin? I use a certain percentage of the current price of BTC as collateral to obtain a loan and earn interest. If the price of Bitcoin doubles, can I get the loan again? How to keep the bitcoin while getting the initial investment income?
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Inflation will always exist, but high inflation will not last long. Government spending keeps the central bank printing money, which creates inflation. The impact of a pandemic usually causes economic struggles, especially in the form of inflation and hyperinflation. The shortage of labor, raw materials and other restrictive factors may slow down the recovery of the supply chain, thereby pushing up inflation, which may be more lasting than we expected.
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Bitcoin as a decentralized cryptocurrency, has a great influence in the crypto market. Bitcoin is scarce and immutable. Its total amount is fixed and will not be issued at will. As people's consensus and demand increase, the value of Bitcoin will rise. Bitcoin can be freely traded in the network system at any time, it is not controlled and supervised by anyone, and it can guarantee full ownership of personal property.
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I think knowledge and capital are both important. Capital can bring economic support and accelerate the achievement of wealth goals. Having a wealth of knowledge can avoid mistaken investment and loss of funds, and reduce investment losses. It is easier to succeed if you have the funds and prepare the necessary strategic knowledge.
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