VasilyTrader

Say HELLO to INFLATION

Long
BITSTAMP:BTCUSD   Bitcoin

How to measure inflation?
though we normally apply CPI reports for measuring that,
it looks like this data is no more relevant.

I was a bit surprised by the nature of the sharp growth in different markets from March:
cryptocurrencies, stocks, metals, commodities .
while many countries are STILL in lockdown and many people just went bankrupt during these hard times,
everything indicates that things are better than ever.

reading different news outlets, everyone states the RECOVERY and strength of the modern economy.
it's marvelous strength that helped to overcome the severe crisis.

as everything keeps falling apart, I started to look for other reasons for this exponential growth.
it turned out that all these bullish rallies have started almost at the same time.
some BILL was accepted and signed in March, triggering a fall of greenback and market pumping.

looks like we are not contemplating the times of USD inflation .
it is severely painful for me because I am a cash guy and hold my saving in dollars.
but it turned out to be a very bad idea...

what is the solution?
spend money. take it from your mattress and start spending.
deposits are not the option.
only assets will keep their value.

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