Inflation Won’t Boost Bitcoin, Not Immediately At Least

Inflation Won’t Boost Bitcoin, Not Immediately At Least

Patrick Tan 02/09/2020 3
Inflation Won’t Boost Bitcoin, Not Immediately At Least

Despite what analysts are warning, inflation isn’t likely to hit us right away, and even though gold and Bitcoin saw a short term boost, their real value as inflation hedges won’t be tested now, but in the future.

You Can’t Turn Inflation On or Off with A Switch

Which is why even the U.S. Federal Reserve’s comments regarding inflation, at a recent conclave of central bankers at Jackson Hole, Wyoming (virtual of course) was more a matter of form than of substance.

So Why Hasn’t Inflation Hit Yet?

Well part of the reason of course is that there’s still plenty of slack in the economy, including high unemployment.

Inflating Assets Now, Prices Later

Central banks across the world have printed a lot of money to counter the economic malaise wrought by the pandemic — the bulk of which has gone into, and is reflected in, asset price appreciation.

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  • Kevin Rooney

    Brilliant !

  • Lee Callum

    It's now or never for Bitcoin

  • Eric O Leary

    Great article

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Patrick Tan

Crypto Expert

Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company. 

 

   

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