In the 70s it was the second wave of inflation that wrecked the economy. This one would propel Bitcoin in line with the 4-year cycle while slapping consumers with another massive price increase.
Will we see an inflation spike or will higher interest rates keep it under control?
This time it may be different. There are already serious altercations taking place in European cities, the most notorious in France from Paris to Marseille but which are spreading to many other municipalities in different countries, such as Milan or Barcelona, and which in principle seem to be motivated by a spirit of rebellion against the rising cost of living.
If these altercations escalate enough, governments all over the world may take steps to at least smooth future inflation and avoid a scenario like the one you remind us of.
