The US inflation rate reached a multi-decade high of 9.1% in June 2022. With so much panic in the market, it’s important to know what inflation is.
Simply put, inflation happens when too much money is floating around in the market. This increased supply decreases the value of each individual dollar.
At the core of inflation lies the concept of supply and demand – one of the fundamental blocks of microeconomics.
Check out my latest blog to know more about supply and demand. Plus, we will also see the impact it has on Bitcoin and Ethereum.
Tl;Dr: There are only 21 million BTC, and we have >7 billion people on this planet. Stack those SATs. #notfinancialadvice.
https://medium.com/@jhSMRT/supply-and-demand-in-cryptocurrencies-7bb98852a193
