Is Bitcoin a Hedge Against Inflation in 2024?
Is Bitcoin a Hedge Against Inflation in 2024?
Every economist will tell you that your money will be worth less over time, and they are right. That is because of inflation. A small level of inflation is necessary for economic growth, but it makes the money you have saved in the bank worth less in the future. This is why some people advise others to find a reasonable business to invest in or go into real estate to preserve their wealth.
Unfortunately, not everyone can afford large investments or have the entrepreneurial skill and drive to own a business and compete in a free market. Some people just want to save the money they have earned from their jobs and focus on other things. However, saving money in the bank, while safe, lets their money drop in value, reducing its purchasing power.