Bitcoin vs inflation

[Curious T]

I would like to add something that many tend to overlook.
The current Bitcoin price you see isn't inflation adjusted
So when we consider inflation we would realise that the price is lower than we believe.
Bitcoin isn't just rising but Fiat is falling
Many only see Bitcoin rising and not the fact that Fiat is also falling.

Especially a currency like ours that keeps declining. $80,000 worth of Bitcoin in Naira today is higher than $80,000 worth of Bitcoin in Naira four years ago. Which means your Bitcoin holdings don't just increase as Bitcoin increases, but also increase as the value of the Naira drops. For a currency like this, we are very lucky to have Bitcoin because without it, it would have been difficult to have a foreign currency that we can save our money in to prevent it from the country's inflation. But because of the creation of Bitcoin, there are stablecoins that we can quickly convert our money to.

[SPIDERMAN008]

I would like to add something that many tend to overlook.
The current Bitcoin price you see isn't inflation adjusted
So when we consider inflation we would realise that the price is lower than we believe.
Bitcoin isn't just rising but Fiat is falling
Many only see Bitcoin rising and not the fact that Fiat is also falling.

Especially a currency like ours that keeps declining. $80,000 worth of Bitcoin in Naira today is higher than $80,000 worth of Bitcoin in Naira four years ago. Which means your Bitcoin holdings don't just increase as Bitcoin increases, but also increase as the value of the Naira drops. For a currency like this, we are very lucky to have Bitcoin because without it, it would have been difficult to have a foreign currency that we can save our money in to prevent it from the country's inflation. But because of the creation of Bitcoin, there are stablecoins that we can quickly convert our money to.

Inflation is increasing day by day in our country. I think that inflation is actually higher than the government report. Because if you go to buy anything, even if you go beyond the thought of Bitcoin's price, you will see how much more money you have to spend to buy the same product now compared to 5 years ago.

In my opinion, one of the ways to protect yourself from this is Bitcoin. Especially now, the use of Bitcoin has increased a lot in our country, but long-term holders are still very few. I myself see very few people among my acquaintances holding Bitcoin for a long time.

In fact, if you can hold Bitcoin for a long time, inflation will eventually work in your favor. But not everyone has this patience and ability.

[Odohu]

Especially a currency like ours that keeps declining. $80,000 worth of Bitcoin in Naira today is higher than $80,000 worth of Bitcoin in Naira four years ago. Which means your Bitcoin holdings don't just increase as Bitcoin increases, but also increase as the value of the Naira drops. For a currency like this, we are very lucky to have Bitcoin because without it, it would have been difficult to have a foreign currency that we can save our money in to prevent it from the country's inflation. But because of the creation of Bitcoin, there are stablecoins that we can quickly convert our money to.

Comparing Naira to Bitcoin in terms of inflation will reveal how miserable our country have become. Our currency has experienced many devaluations, most of which are not officially reported and the main reason of those devaluations is uncontrolled inflation. When the current administration took over in 2023, the inflation was already high but the came and the first statement that came out of the mouth of the president scattered everything and since then the Naira have not recovered.

[Mate2237]

Especially a currency like ours that keeps declining. $80,000 worth of Bitcoin in Naira today is higher than $80,000 worth of Bitcoin in Naira four years ago. Which means your Bitcoin holdings don't just increase as Bitcoin increases, but also increase as the value of the Naira drops. For a currency like this, we are very lucky to have Bitcoin because without it, it would have been difficult to have a foreign currency that we can save our money in to prevent it from the country's inflation. But because of the creation of Bitcoin, there are stablecoins that we can quickly convert our money to.

Comparing Naira to Bitcoin in terms of inflation will reveal how miserable our country have become. Our currency has experienced many devaluations, most of which are not officially reported and the main reason of those devaluations is uncontrolled inflation. When the current administration took over in 2023, the inflation was already high but the came and the first statement that came out of the mouth of the president scattered everything and since then the Naira have not recovered.

No country van fight inflation without having physical policies that will address economic issues both in the long term and in the short term basis. The major reason why inflation has become a problem to Nigeria is that, successive governments has not been consistent when it comes to our economic policies and programs. Every government that comes in has tried to push forward their own economic policies, without exactly following up the previous one which becomes abandoned and over time you will find out that unstable economic policies has been a major economic problems to our economy.


The Naira has become so weak that when you take money to you market sometimes you wonder what, happened to the money that you were having in your hands. Because what you are doing to buy will be very few but Bitcoin is one thing that has the ability to fight against inflation so instead of holding your money in Naira Bitcoin should be priotized.

[Orpichukwu]

Bitcoin was created to beat inflation. That is what the difference between bitcoin and the dollar and that purpose still stands till date. It is a decentralized block chain system on its own and goes beyond the government's policies and standards. It gives full control with an investment option as well, that is the ourpose bitcoin gives; inflation is far from it.

Bitcoin was created to be an edge against inflation, but it's not completely immune against it, and the government doesn't control Bitcoin, but its policies have an effect on the market. We still have more chances of having profit and an increase in value if we hold Bitcoin than when we hold our local currency.

[OsaiEmma]

I know say we don hear about inflation well well and due to the recent things wey dey chele for we country some of us don dey very used to the word, however some person never still grasp the severity of what's happening in our country and the whole world at large. But for this thread i go focus more on our country so that we go fit relate easily.
Now we go all agree say years before now the country been sweet pass like this and that na because the inflation rate been dey low, but as the years pass we come dey experience small small hardship, many companies come dey run comot we area, and na so plenty people start to loss their jobs. That aside the historical chart of our currency to dollar na clear evidence of say inflation dey really dey hammer us.

Now my problem  na besay Some persons never really sit down consider this inflation matter as e be so. Imagine the increase in price of goods or the exchange rate of dollar to naira from last 5 years, or to make matter worse look back to 20 years wey 1 dollar been dey equivalent to N130 today now e dey around N1419 per dollar wey don pass 1000% increase. Now imagine say in the next 10 years e just increase with 500% that go be N7095 per dollar. Person wey dey see this inflation matter as threat no supposed to dey dull em bitcoin investment, because  na wattin fit save am for this fight against inflation.

When you turn you head look bitcoin you go see say em overall direction na still bullish, which means e still dey sure to rise towards that direction, imagine putting that money for bitcoin for the 10 years. Trust when people go dey regret you go dey smile like those early bitcoiners now.

If naira inflate, so will goods and services, as u think say u don make 500% more aside the rise in BTC price, let's say BTC pump with 1000% that's 10x then naira inflated with 500% total of 15000% in profit, well no to happy because, goods and services for 9ja go follow inflate too, na so how e just be.

But I don't think d 500% is realistic, I feel tynz will calm down eventually, let's wait for election, and see what d new government will do.

[ZeroVinsonN]

I would like to add something that many tend to overlook.
The current Bitcoin price you see isn't inflation adjusted
So when we consider inflation we would realise that the price is lower than we believe.
Bitcoin isn't just rising but Fiat is falling
Many only see Bitcoin rising and not the fact that Fiat is also falling.

The simple truth is that even if bitcoin stays dormant and the price doesn't increase the value in relation to the naira will still be increasing because of the inflation hitting our local currency and that's why when people look at the increase in the price of bitcoin in relation to the naira they should take into account that the price is not moving up as high as you might think, taking inflation into account is the best way to actually determine how much the price of bitcoin has increased.

[PremiumcryptoHub]

This gradual deterioration of the economy is almost certain to increase in the future. We need to focus on alternative financial systems. Bitcoin can be our alternative financial expansion system.

Yes, this gradual deterioration in the economy is almost certain to continue in the future, so it is only right that we focus on alternative financial systems and Bitcoin can expand alternative financial systems for the people of our country or prevent the depreciation of the Naira. Our country was better off a few years ago because the inflation rate was lower. It even seems that fiat currencies are falling and while the prices of goods and services in Nigeria are also gradually increasing, on the other hand, the price of Bitcoin is seen to be constantly increasing, so I would say that BTC is a universal yardstick for measuring inflation, therefore its use is increasing in inflation-stricken countries.

[ruykeri]

Bitcoin was created to beat inflation. That is what the difference between bitcoin and the dollar and that purpose still stands till date. It is a decentralized block chain system on its own and goes beyond the government's policies and standards. It gives full control with an investment option as well, that is the ourpose bitcoin gives; inflation is far from it.

Bitcoin was created to be an edge against inflation, but it's not completely immune against it, and the government doesn't control Bitcoin, but its policies have an effect on the market. We still have more chances of having profit and an increase in value if we hold Bitcoin than when we hold our local currency.

Yeah, by holding fiat until now, we should move forward against inflation. There is no other way out for now. Because still all the people in the whole world are controlled by the government. We now have to use Naira to run our daily expenses. Although many people now know about Bitcoin and hold it , still very few people accept Bitcoin when buying something. Because still many people around me do not like to reveal that they hold Bitcoin. This is also their personal freedom. I myself do not like to talk about Bitcoin with everyone. Because in some cases I feel security problems.

[BtcAnalyst1]

Now imagine say in the next 10 years e just increase with 500% that go be N7095 per dollar. Person wey dey see this inflation matter as threat no supposed to dey dull em bitcoin investment, because  na wattin fit save am for this fight against inflation.

In a nutshell wetin u just describe about here na a core illustration of the potential long time value of bitcoin wat he say e dey hedge against inflations.
And as na asset way e stand for, Nigerians way dey store their funds there no go get shaking of their savings loosing values by that time of the inflation. We also know say most of our civil servants dey hold their pension funds for we local currency and as retirement funds way no to dey in used for the people of their service, na inflations go dey rise and so also their savings go dey loose values but bitcoin go store the value as the price increases in the long time.

Our civil servants wey dey keep their retirement funds for the local currency dey really lose, because as inflation dey come often, their initial funds dey lose value over times. In fact, e dey advisable make our pensioners put their pension money for Bitcoin because BTC dey appreciate as time dey progress, Bitcoin na asset wey get store of value, and if pensioners put their money for there e go increase their value. Na so I see am oh!

[Localhostspeed]

Comparing Naira to Bitcoin in terms of inflation will reveal how miserable our country have become. Our currency has experienced many devaluations, most of which are not officially reported and the main reason of those devaluations is uncontrolled inflation. When the current administration took over in 2023, the inflation was already high but the came and the first statement that came out of the mouth of the president scattered everything and since then the Naira have not recovered.

I think Bitcoin is still ahead, you should check inflation first with usd and you will understand how miserable the naira has performed all this years, the shameful thing is that this government doesn't even know that they are preforming poorly, they are shamelessly looting and borrowing money from all places their hands can reach and yet we can't see one thing they have done to transform the life of poor people, always in the media with noises.

This government is barely 4 years in office and the value of the naira has died 5 times the original price they met it. Imagine where it will end if they later leave the office and how it's going to be like if this party continue to rule the country for another years. We are doomed in this country and many people don't even know their right anymore. They will still vote for wrong person if given bag of rice and ₦2000 as usual.

[AmaGold70]

I know say we don hear about inflation well well and due to the recent things wey dey chele for we country some of us don dey very used to the word, however some person never still grasp the severity of what's happening in our country and the whole world at large. But for this thread i go focus more on our country so that we go fit relate easily.
Now we go all agree say years before now the country been sweet pass like this and that na because the inflation rate been dey low, but as the years pass we come dey experience small small hardship, many companies come dey run comot we area, and na so plenty people start to loss their jobs. That aside the historical chart of our currency to dollar na clear evidence of say inflation dey really dey hammer us.

Now my problem  na besay Some persons never really sit down consider this inflation matter as e be so. Imagine the increase in price of goods or the exchange rate of dollar to naira from last 5 years, or to make matter worse look back to 20 years wey 1 dollar been dey equivalent to N130 today now e dey around N1419 per dollar wey don pass 1000% increase. Now imagine say in the next 10 years e just increase with 500% that go be N7095 per dollar. Person wey dey see this inflation matter as threat no supposed to dey dull em bitcoin investment, because  na wattin fit save am for this fight against inflation.

Yes , inflation really de tell on us Nigerians, and di matta no be joke. Some years back, e get di time wey naira bin gain ground for where dollar de, but today, in this our present Nigeria, our naira don loose strength finish for where dollar dey. Those days wey di country Nigeria still de okay, any small money wey you hold for hand get value, and you go eat well with your family. Today, many Nigerians dey complain, e even dey hard make only salary de sustain family now, and na only few people wey dey do well paid job. This matta no be small matta, our only prayer be sey make God help us make person wey get the progress of this country Nigeria enter as leader. However, we no no when this inflation go reduce, and therefore we no need to joke with our bitcoin investment, if get extra money for savings, no put am for inside bank, because the value go reduce well well, any money wey you get put am inside bitcoin, and make you dey patient with am, with this , your money go get value, and inflation no go reach am.

[Fivestar4everMVP]

When you turn you head look bitcoin you go see say em overall direction na still bullish, which means e still dey sure to rise towards that direction, imagine putting that money for bitcoin for the 10 years. Trust when people go dey regret you go dey smile like those early bitcoiners now.

Everything wey you talk make absolutely sense to me my brother, you no make any mistake at all at all.
But I go like to ask you sha, hope you no dey pray make inflation still carry our naira by another 500% from here? Because if this happen, the way wey things to take expensive for this we country, e fit mean death for many people ooh wey dey basically earn in naira and no get savings or investment in bitcoin.

Just like them dey tell us make we always dey dey very careful of what we wish for, make no body ever pray for our Nigerian naira to go higher than it currently is because if e do, body go tell of us all, hand go surely touch everyone of us one by one because if you save your money for bitcoin and you say the inflation no affect you, how about your family members wey no even know wetin be bitcoin? When jungle mature for them, na you dem go run come meet for help and las las, the money wey you think say you get, you no go see am enjoy because family problems go end up recking you, so make we really dey careful what we wish for.

[Antotena]

Our civil servants wey dey keep their retirement funds for the local currency dey really lose, because as inflation dey come often, their initial funds dey lose value over times. In fact, e dey advisable make our pensioners put their pension money for Bitcoin because BTC dey appreciate as time dey progress, Bitcoin na asset wey get store of value, and if pensioners put their money for there e go increase their value. Na so I see am oh!

You can't blame this civil servants and the retired people. They are living in the environment they have. I'm sure some of them don't know about treasury bills where they can make low risk investment, they prefer to put their money in banks because thats what many of them understand. Some of them don't know anything more than Facebook, they just do live their life and be happy for the cause, some don't even like taking risk and you can't blame them.

Some of our parents were thought up with strick old school life that if you want to introduce Bitcoin life to them, they will want to take you that you are living a denial life. They don't see Bitcoin as real thing and some don't even want to believe on this internet money and some have been scammed on the internet that when you try to explain something for me them, they wouldn't want to listen to you due to the bad experience they had on the internet.

[Cryptoprincess101]

Fiat failing contributes only a little to why bitcoin is rising that is why many only see bitcoin rising and not Fiat falling. Fiat fall is not enough fact to the rise of bitcoin.
If we are considering inflation the price won’t be much lower than it is actually.
I know that there is inflation but it doesn’t contribute as much as you Dey talk .

Do you know the reason why bitcoin was created? it was basically as a result of fiat failure so i argue with you that it doesn't have a significant impact in the price of bitcoin. Of course, a lot of factors contributes to the growth of bitcoin and not only the failure of fiats. I want you to know that as the fiat currency is failing due to macroeconomic crisis, that is how it is aiding the price of bitcoin because it encourages people to find succor in bitcoin since there are low chances of their money being affected by inflation and monetary crisis that is associated with fiat.

[Cryptomultiplier]

Fiat failing contributes only a little to why bitcoin is rising that is why many only see bitcoin rising and not Fiat falling. Fiat fall is not enough fact to the rise of bitcoin.
If we are considering inflation the price won’t be much lower than it is actually.
I know that there is inflation but it doesn’t contribute as much as you Dey talk .

Do you know the reason why bitcoin was created? it was basically as a result of fiat failure so i argue with you that it doesn't have a significant impact in the price of bitcoin. Of course, a lot of factors contributes to the growth of bitcoin and not only the failure of fiats. I want you to know that as the fiat currency is failing due to macroeconomic crisis, that is how it is aiding the price of bitcoin because it encourages people to find succor in bitcoin since there are low chances of their money being affected by inflation and monetary crisis that is associated with fiat.

The key point to remember and take to heart is that Bitcoin offers great returns to those investors who think of it and accumulate it for the long term, instead of trading it for short term profit or using it for any frivolous purchases online.

By accumulation and buying of Bitcoin with half the amount of savings we leave in the bank instead of letting all our savings in the bank become subject to inflation and devaluing Naira, we are buying insurance against future inflation.

The middle eastern crisis between Iran and U.S has also done much to worsen the economic situation of the world mostly that of our country's local exchange rate, because of the fact that we still  depend on the dollar, import crude oil and rely on it for economic sustainance through trade.

[Hustle2025]

Inflation is the continual increase in the price of goods and services, which makes our local currency to lose its purchasing power and it also causes currency devaluation. Inflation reduces the value of our Fiat currencies making it difficult for people to save thier money and to purchase goods and services.  As inflation rises, the amount of goods a particular amount of money can purchase will no longer be the same, thereby making it difficult for people to preserve their wealth in local fiat currency.

Bitcoin is a digital asset or currency with a limited supply of 21 million coins, which mean no body or authority can issue or print more at will.  This quality and characteristic of bitcoin makes it to be anti inflation and currency devaluation, thereby making some investors to see it as a potential hedge against inflation. Bitcoin can a store of value since it is anti inflation, it can be used to preserve purchasing power

[DiMarxist]

Fiat failing contributes only a little to why bitcoin is rising that is why many only see bitcoin rising and not Fiat falling. Fiat fall is not enough fact to the rise of bitcoin.
If we are considering inflation the price won’t be much lower than it is actually.
I know that there is inflation but it doesn’t contribute as much as you Dey talk .

Big investors are concerned about the regular fall of fiat currency which is why a lot of them are diversifying into bitcoin to preswebe their wealth. If no one is complaining about inflation it means that they're ignorant that fiat is falling in its purchasing power. However, whoever complains about inflation, ask him and he will complain that inflation leads to fiat falling.

Inflation directly Leeds to the dropping of purchasing power of any currency.This is the reason why many people who really understand what inflation is all about is concerned about the rising cost of living, which has directly contributed to the rising inflation rate in countries like Nigeria and most third world countries which lack good economic policies to stabilizing the economy of such countries. Many people are turning to Bitcoin because it can act as a anti inflation.