How do you protect yourself from inflation?

Can blockchain technology help safeguard your wealth?

But why blockchain?

Well, let’s take a look at the traditional monetary system. Conventional fiat currencies, whether that be physical cash or digital versions of them, are backed by governments. Therefore, it is built on trust; trust in governments. But how is it working for us?

Let’s take a quote from Satoshi Nakamoto, the inventor of the world’s most decentralized digital currency — Bitcoin:

“The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

For instance, the United States, which is supposedly one of the wealthiest nations in the world, has printed 35% of USD in existence in the last 10 months. And they are expected to print more under President Biden. Obviously, this is not gonna play well for its citizens when it comes to the preservation of wealth.

We’ve seen what too much inflation could do, as exemplified by Venezuela, Greece, etc. And for this reason, we, the people, must take the initiative to hedge the wealth we’ve got before it’s too late.

Blockchain-based digital currencies are not backed by governments, but by math. And for that reason, we don’t need to trust them because we can verify them ourselves.