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Inflation is upon us, so we need to figure out various ways to defeat this destroyer of wealth. I believe using multiple assets can lead to long-term success against inflation.
One of those assets can be cryptocurrencies. More and more people are beginning to understand the value of holding crypto. Crypto themselves have strong use-cases, especially in the finance sector.
Inflation erodes the spending power of your cash. With inflation running at 5% over summer 2021, we will need to beat this number to continue our lifestyles.
Cryptocurrencies offer us capital gains and also interest on our coins from various centralized and decentralized exchanges. Using a combination of capital gains and interest can lead us to destroy inflation. I think we have a winner with crypto!
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