Bitcoin as a financial safeguard mechanism to fight inflation.
First of all I want to give a big greeting to all the friends of hive and especially to the members of this prestigious community such as Leo-Finance. I want to share with all of you this publication related to some considerations about Bitcoin as a financial safeguard mechanism to fight inflation.
Nowadays, world finances, especially in Latin America, are going through a serious problem, because their economies are suffering from the generalized and uncontrolled inflation in their respective countries, which generates a loss of purchasing power. loss of purchasing power of their currencies.
All this has caused many to turn their attention to decentralized finance and the cryptographic world, finding in cryptocurrencies a refuge from decapitalization, which is why the Bitcoin serves as a safeguard for the value of their capital.
However, there is also a high number of new investors who, despite having compared Bitcoin, do not have enough confidence in it due to the volatility of the crypto world.
At the same time, the panorama of the Latin American economy is undergoing a test run, where the consolidation of the digital financial world is becoming more and more evident, being cryptocurrencies a present and a future.
It is also very important to highlight that from the confidence that is achieved towards the cryptographic ecosystem, education plays a determinant role for all new investors in such a way that will deepen the course they can take to achieve financial transactions on a regular basis as a payment with bitcoin to cancel any expense.
In such a way that the use of cryptocurrencies when it generates confidence, it is done with education using in a regular way, will allow them to grow to the whole cryptographic system and therefore the security of its use will be well seen by all future investors.
To conclude, it is necessary to be able to grow, both the people financially and the crypto industry, for the welfare of all of us who are part of this wonderful world, which allows us to be financially free.
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We all know that Bitcoin has the potential to fight inflation. However, it's instability is what makes people fear ☺️
greetings @abrarhussain _
You are absolutely right in your argument, however it is a good option for Latin countries where the devaluation of the currency is getting worse every day.