The key attractions and talking points for exchanging a crypto non- believer to a believer was it's perceived ability to be a great hedge against inflation. That belief is not shattered.
The underpinning argument was that bitcoins being a currency in limited supply amidst rising demand, it has the features required to be inflation proof.
Yes,the proof is very simple bitcoins value is represented by what is sought to replace a fiat currency. The value of Bitcoin is often translated into US Dollars and as such whatever happens to that currency,such as inflation,will negatively affect bitcoin.
It is simple test that crypto enthusiast seems to have missed out on. For those who are patient, we will see high upside.when risk takes over,it will likely be similar to a rocket ship.
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