Can Bitcoin, Ethereum, and Big Eyes Coin be a Hedge against Inflation?

Cryptocurrencies have already made their mark in a short span of around 15 years. It wasn’t long ago that Bitcoin (BTC) came to the fore in 2009 and the world went crazy about the promise it showed. Since then, thousands of cryptocurrencies, including Ethereum (ETH), have emerged and offered traders, businesses, and investors opportunities to make it big. One such cryptocurrency is Big Eyes Coin (BIG), which is in stage 11 of its presales.

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Inflation in a Flagging Global Economy

The global economy seems to be heading toward another spell of recession. It is quite evident by the increasing concerns about growing inflation and the devaluation of national fiat currencies. The situation has forced many users to explore the potential of cryptocurrencies, which are now looked upon as a hedge against inflation.

Let’s examine the question of whether these cryptocurrencies like Bitcoin, Ethereum, and Big Eyes Coin can be used as a hedge against inflation and which factors contribute to their potential as an inflation hedge.

What is Inflation?

Inflation is a growing concern worldwide. It is a constant surge in the prices of goods and services in an economy or a country.

Inflation has a negative impact on the overall economy of any country. Rising inflation compresses the purchasing power of money, and hence the value of fiat currency declines. Apart from impacting the economy, it also hampers the value of investments and savings.

Cryptocurrencies are generally immune to the general impact of inflation on an economy. Big Eyes Coin, Bitcoin, and Ethereum operate on a decentralized network which perfectly places them to stay away from the impacts of pressurized economic and political situations, unlike traditional fiat currencies. In turbulent economic times worldwide, cryptocurrencies have emerged as an attractive option for investors, especially as an alternative to fiat currencies as a hedge against inflation.

Bitcoin Takes A Bite

As we know, Bitcoin (BTC) has a limited supply of 21 million coins. The supply will remain finite and will not increase to accommodate rising inflation. That’s why Bitcoin is a potential hedge against inflation because its value is less likely to be affected by inflationary pressures in an economy.

Ethereum- The Student Becomes The Master

Ethereum (ETH) is not limited by a finite supply and has a flexible monetary policy. The flexible monetary policy allows for adjustments to the supply to accommodate changes in its demand. This very fact means Ethereum is less likely to be a hedge against inflation. However, it does offer the potential for growth and development opportunities in many other ways.

Big Eyes Coin Explodes Into A New Presale Phase

The cat-themed Big Eyes Coin is a security and privacy-focused cryptocurrency that operates on a decentralized network. It is still in the early phase of its existence and is not widely adopted or recognized. However, the level of interest it has garnered in its presales shows promise and it can emerge as a likely hedge against inflation in times to come.

The world is facing an enormous challenge of the rising prices of products and services, which is putting extra pressure on the salaried class. The rising inflation reduces people’s buying power but those who invest in cryptocurrencies generally stay immune to the general impact of rising prices on an economy.

Bitcoin, Ethereum, and Big Eyes Coin each have unique characteristics that make them potential hedges against inflation. However, it is important to understand the risks involved, conduct prior research, or consult a crypto expert before making the move.