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Dimantyay03
@dimantyay03
💸How Does Global Inflation Affect Cryptocurrencies? 📊Global inflation can have a substantial impact on the cryptocurrency market: — Decreased purchasing power of fiat money: people turn to cryptocurrencies like Bitcoin as a digital "safe haven." — Increased interest in decentralized assets: investors diversify into cryptocurrencies as a hedge against inflation. — Higher volatility: economic uncertainty can increase volatility in crypto markets. 📈What Does This Mean for Crypto? — During periods of high inflation, cryptocurrencies can serve as a store of value. #Cryptocurrency #GlobalInflation #Bitcoin #Economy #DegenClub
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