Bitcoin can fight inflation?

[Lucius]

~snip~
Doing the math Bitcoin could still multiply 28 times from current price just to match Gold's market cap. Not bad at all if you ask me.
$20k x 28 = $560,000
As you said Lucius, 50 times is a little bit out of the range, but anything can happened with this inflation.

I wouldn't even say that the problem is that Bitcoin can't reach some value measured in fiat, but due to its speculative-volatile nature it will always be a problem how to keep that value - which leads us to the problems with trust that people have in Bitcoin long term. People are usually unable to bear to have their investment lose more than 50% in a matter of few months, or in less than 48 hours if we remember what happened in March 2020.

From personal experience, more and more people are looking for some new coins that will bring them x50 or x100 or even higher profits because they perceive Bitcoin as something that is no longer so profitable. Although gold and Bitcoin have some common features, they are still two different worlds and therefore I think that gold will remain a far more accepted asset than Bitcoin for a very long time. Not only because gold is better (although it also has its drawbacks), but for the average person it is far more understandable than Bitcoin and has many more applications if we consider only jewelry making and application in electronics making.

[aoluain]

~snip~
Doing the math Bitcoin could still multiply 28 times from current price just to match Gold's market cap. Not bad at all if you ask me.
$20k x 28 = $560,000
As you said Lucius, 50 times is a little bit out of the range, but anything can happened with this inflation.

I wouldn't even say that the problem is that Bitcoin can't reach some value measured in fiat, but due to its speculative-volatile nature it will always be a problem how to keep that value - which leads us to the problems with trust that people have in Bitcoin long term. People are usually unable to bear to have their investment lose more than 50% in a matter of few months, or in less than 48 hours if we remember what happened in March 2020.

That will always be a problem with Bitcoins volatility especially with the +50%
drops. Newcomers dont necessarily realise not to sell low, although I really believe that
people dont realise that. Of course for seasoned Bitcoiners its not an issue,
just opportunity.

~snip~
Doing the math Bitcoin could still multiply 28 times from current price just to match Gold's market cap. Not bad at all if you ask me.
$20k x 28 = $560,000
As you said Lucius, 50 times is a little bit out of the range, but anything can happened with this inflation.

From personal experience, more and more people are looking for some new coins that will bring them x50 or x100 or even higher profits because they perceive Bitcoin as something that is no longer so profitable. Although gold and Bitcoin have some common features, they are still two different worlds and therefore I think that gold will remain a far more accepted asset than Bitcoin for a very long time. Not only because gold is better (although it also has its drawbacks), but for the average person it is far more understandable than Bitcoin and has many more applications if we consider only jewelry making and application in electronics making.

Yes, raw proof is the DOGE craze we saw not so long ago and the traction it got. Total
newbies got sucked in and probably got spat out too.

Gold for sure is still far more accepted purely because it is  far more stable. I wonder if many
"traditional" investors holding Bitcoin liquidated into Gold?

[darkv0rt3x]

Inflation is the increase of prices. Even if we imagine the most impossible scenario that everyone, including governments, switched to Bitcoin, inflation could still happen. Things like food or gas could still go up in price as a reaction to global events. Government and banks could still inflate supply of Bitcoin by creating debt and using some Bitcoin IOU tokens instead of real Bitcoin transactions, including LN.

Inflation is not an increase of prices. That's what we are told by our polititians. Increase of prices is a consequence of money printing and consequente loss of value of a currency.
Once more I suggest people to watch these 2 videos to have a better understanding of some of these basic concepts. These are 2 very good videos on what is going on uner the hoods of our economies!

The Great Reset
https://www.youtube.com/watch?v=MOm_QmnRBSs

How The System Keeps YOU POOR! (Money Myths That Keep You Broke) | Jaspreet Singh on Impact Theory
https://www.youtube.com/watch?v=42k9vH3OXI0

[justdimin]

The question of inflation is painful and to answer it, you need to consider a specific country of residence + related conditions, such as local conflicts or pandemics. As you again accurately noted, the inflation rate is different everywhere. In some countries, investing in bitcoin will be better at offsetting inflation, in others it will be worse. But in general, it seems to me that in the long run, bitcoin still allows you to outperform inflation and allows you to save your funds better than some other financial instruments.

Why do people feel like they are not willing to wait a few years to make a profit though? I mean what is the point of that? I get that it is not a great deal and I get it, but it shouldn't really be something that creates a bit of a chaos with everyone right? It should be something that everyone could accept very easily because if they knew what would happen if they just could, they would take it but they are unsure and that is the only reason why they decline it.

The point here is that, if you tell someone "buy bitcoin now and wait 3 years and make a huge profit" they will argue against that, but if you tell people "you forgot some coins from 3-4 years ago and now you are rich" they would be super excited. That's the problem.

[Clochaard]

The main reason apart from making transactions easy and without the involvement of third parties, why the Bitcoin and cryptocurrencies were created is to fight and help in survival during inflation.

[asimi.io]

Bitcoin is a successful inflation hedge, but investors need to be careful right now. I think yes bitcoin can fight inflation. It may take some time but surely will  help us to fight inflation.

[Trapezium]

I don’t know exactly about cryptos helping to fight inflation. But surely it can help as it helped Ukraine during the time of crisis,

[gunhell16]

The rising inflation is becoming a big problem and macroeconomic conditions are worsening.
I want to know if bitcoin can in help us to fight inflation
I came across this article, which says that the decentralised nature of bitcoin and the limited supply of bitcoin can actually help it to retain its value over longer time and thus it can actually help us mitigate inflation .

Can someone help me to understand this further

Link to the article:
https://guardian.ng/features/how-bitcoin-can-mitigate-inflation/

First of all, when we read or hear the word Bitcoin, it is not easy to understand because it is a very technical term, in terms of inflation, a hundred years have passed and there is no bitcoin.

 This means that inflation can rise and fall suddenly depending on the situation facing a country. I can't imagine how Bitcoin can help inflation. But in the economy of every country that accepts bitcoin, maybe BitcoinBTCcan still help increase it.