4 ms·
> Happens quicker than you think and that's a hell of a tail risk. It's not a tail risk. If you see prices increase exponentially over the span of months, you
by incrudible 6y ago
> Happens quicker than you think and that's a hell of a tail risk.
It's not a tail risk. If you see prices increase exponentially over the span of months, you will have had plenty of time to react. Inflation is mostly a problem of the wage earners who don't have cash savings in the first place. Otherwise, if you have significant life savings all in cash, you're financially illiterate and cryptocurrency is the last thing you should put your money into.
> Bitcoin has been pretty consistently up on any timeline over the last decade.
Bitcoin also has been consistently down 50% from the previous high most of the time. It has pump-and-dump penny stock levels of volatility.
Bitcoin is fine as a speculative asset, as an inflation hedge it's just completely asinine. There is virtually no correlation between actual inflation and the value of Bitcoin. There may be some correlation to the level of panic about hyperinflation among the uninformed public. If you want to ride that wave, go for it.