With its core feature as a currency without a central authority, Bitcoin (BTC) has been acclaimed as a hedge against inflation over the years. When major fiat currencies, especially the dollar, went through high CPI and inflation stages, many investors clamoured to buy the BTC coin.
However, analysts are beginning to reconsider their stance as the cryptocurrency seems to be going in a free fall since the bear market took over. The inflation going on has been declared as one of the contributing factors.
What if Bitcoin (BTC) and Solana (SOL) are not inflation hedges? AdirizeDAO (ADI) has made its way into the crypto market to answer that question.
AdirizeDAO (ADI)
AdirizeDAO (ADI) is an upgraded algorithm stablecoin powering a decentralized finance platform. It follows the pattern other platforms have taken; introducing a stablecoin to avoid price volatility.
Nevertheless, from the current situation with inflation, stablecoins have become somewhat unstable, and their value is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...