34% all dollars that have ever existed were issued in the last year. People are currently flocking to Bitcoin (BTC) as an inflation hedge, but when they realize that they can't spend BTC without huge costs or revealing all of their purchases to the world, they're going to switch to private coins with more reasonable fees.
Therefore, I'm currently bullish on Monero, Tari, Grin/Bitgrin, Oxen, Elixxir and Mobilecoin. Although they're all taking different strategies, they all have competent teams behind them.
"Digging into the data, from 2019 to 2020 you see a 34% jump in the money supply. To state that again, 34% of all money in circulation was printed within the past 12 months.
To put a number on it, as of January 1st, that was $1,307,858,333,333.33 that's 1.3 trillion physical dollars, but that's not it. To find the amount of non-physical dollars in the money supply, take that 1.3 trillion and multiply it by the money multiplier. As of January, every physical dollar introduced resulted in a sum of 3.45 physical and non physical dollars.
...
Capped cryptocurrency, unlike the USD, isn't subject to a regulating body that needs to fund itself. There is no loss to road maintenance, no loss to paying civilian employees, no loss to purchasing land, buildings, or warships; its a much more efficient unit of account. More importantly, unlike the USD, creating more crypto costs a exponentially greater amount of resources over time. Its more akin to Gold than it is to the USD.
People are not willing to buy US bonds due to fears of inflation, driving the bond market to increase the yield to entice people. The former bond holders, out of fear of increased inflation are flocking to alternative assets. Crypto has benefited from this phenomenon and is set to continue to benefit.
...
The bond market is starting to move with Inflation, and rather than keep cash in bonds or USD, a currency that potentially lost 33% of its real value as more was printed, they flocked towards BTC and ETH; rather than slowing down, this pattern may speed up as we see the fed slow to react to inflation by reversing its stimulus policy.
The inflation that everyone is worried about is already happening, institutional investors have already begun switching to BTC over bonds. The real fun will happen when retail switches over en-mass and purchases smaller coins."
https://www.reddit.com/r/CryptoCurrency/comments/m0oh8b/inflation_and_crypto_a_detailed_analysis_that/
Therefore, I'm currently bullish on Monero, Tari, Grin/Bitgrin, Oxen, Elixxir and Mobilecoin. Although they're all taking different strategies, they all have competent teams behind them.
"Digging into the data, from 2019 to 2020 you see a 34% jump in the money supply. To state that again, 34% of all money in circulation was printed within the past 12 months.
To put a number on it, as of January 1st, that was $1,307,858,333,333.33 that's 1.3 trillion physical dollars, but that's not it. To find the amount of non-physical dollars in the money supply, take that 1.3 trillion and multiply it by the money multiplier. As of January, every physical dollar introduced resulted in a sum of 3.45 physical and non physical dollars.
...
Capped cryptocurrency, unlike the USD, isn't subject to a regulating body that needs to fund itself. There is no loss to road maintenance, no loss to paying civilian employees, no loss to purchasing land, buildings, or warships; its a much more efficient unit of account. More importantly, unlike the USD, creating more crypto costs a exponentially greater amount of resources over time. Its more akin to Gold than it is to the USD.
People are not willing to buy US bonds due to fears of inflation, driving the bond market to increase the yield to entice people. The former bond holders, out of fear of increased inflation are flocking to alternative assets. Crypto has benefited from this phenomenon and is set to continue to benefit.
...
The bond market is starting to move with Inflation, and rather than keep cash in bonds or USD, a currency that potentially lost 33% of its real value as more was printed, they flocked towards BTC and ETH; rather than slowing down, this pattern may speed up as we see the fed slow to react to inflation by reversing its stimulus policy.
The inflation that everyone is worried about is already happening, institutional investors have already begun switching to BTC over bonds. The real fun will happen when retail switches over en-mass and purchases smaller coins."
https://www.reddit.com/r/CryptoCurrency/comments/m0oh8b/inflation_and_crypto_a_detailed_analysis_that/