Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling. Wars Make Bitcoin Compelling: Michael Saylor The CEO of Microstrategy, Michael Saylor, has pointed out that wars create inflation and cripple commerce. This in turn makes Bitcoin (BTC) compelling as it serves as an alternative to hedge against inflation, according to him. Wars create inflation, cripple commerce, and make #bitcoin compelling. pic.twitter.com/YksI21FcXS — Michael Saylor⚡️ (@saylor) February 24, 2022 One of the common investments behind Bitcoin (BTC) is that it’s a great hedge against inflation. For instance, the number of Bitcoin (BTC) is limited to 21 million, while the number of U.S. dollars typically increases over time. With everything else being equal, if the supply of the U.S. dollar increases, the value of Bitcoin in dollars should also increase. This essentially means that the limited supply of Bitcoin is a good hedge against the increased supply of the U.S. dollar. Over $5M in BTC Raised to Support Ukrainian Army One of the largest non-governmental organizations (NGOs) providing support to Ukraine’s military, Come Back Alive, has received over $5 million in bitcoin donations after Russia launched a full-scale attack against Ukraine. At the time of writing, the wallet address has over 133 BTC. Founded in 2014, the Kyiv-based group provides support to ...
Is WazirX About to Make a Comeback?
Is XRP Set To Rally? Traders Eyes on $2.60
