Inflation and Cryptocurrency
Inflation is a very tricky concept to grasp and an even more convoluting topic to discuss, yet it all affects us the same no matter how much we know about it or not.
It would seem as though Inflation is already ingrained in the character and/or trait of our fiat currencies since time immemorial, perhaps as a way to counteract the loss of value among other possible reasons.
In this article, we would delve into how the current hyperinflation that affected the dollar and almost all currencies around the world ravaged our lives, and how cryptocurrency, particularly CUDOS, could solve this issue.
For one, the current hyperinflation amongst top currencies in the market is caused by multiple reasons, some suggest it was because of the recent tension between Russia and Ukraine, with Russia withholding oil reserves to tip the balance of power in their favor. This causes oil to become a very expensive resource, not to misconstrue because it already is an already expensive commodity in the first place. One thing leads to another, and now we have hyperinflation.
Now, how could cryptocurrencies solve this problem?
As of the moment, we couldn’t expect cryptocurrencies to replace fiat any time soon, but at the very least, it could be a very accessible way for us to save our possessions and secure the dollar value of our assets.
CUDOS, being a deflationary cryptocurrency with a lot of good things to brag about itself is one of these cryptocurrencies that could just be the perfect cryptocurrency to invest in. It has a strong and future-proof model that allows you to have peace of mind, and to top it all off, a very high margin of success given that its goal is in line with how the world of technology is trending towards.
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