Inflation on the Rise: Is It Time to Break Open Your Piggy Bank?

DIFX Edge

What is Inflation?

In general, inflation refers to the increase in the prices of goods and services. When the inflation rises, you can fill your basket less with the same amount of money you had, let’s say, a week or month ago. In other words, the purchasing power of your money is decreasing, which is the currency of your country.

How Do Governments Control Inflation?

The inflation rate is controlled by the financial regulator of the country which is mostly the central bank. A central bank has its own monetary policies through which it enforces various measures and keeps the money supply in check.

Recession in 2022: How Likely Is That?

The main thing in controlling inflation is to do it in a way that won’t weigh on the economic activities heavily to avoid a recession. One of the unique things about the inflation we’re facing right now is its nature.

Bitcoin and Inflation

Bitcoin promoted itself as a remedy to the problems of the current financial system, positioning itself as a hedge against inflation. But recent crypto market conditions proved it, to some extent, to be otherwise.

About DIFX

Digital Financial Exchange (DIFX) is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully-insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.

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https://difx.com

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