Inflation is the monster that eats your wealth.
Since the health crisis started, many countries suffering from inflation have suffered even more. Those with solid economies are beginning to suffer the impacts of printing money to stimulate the economy. Yet, many people don't get this problem, so they don't prepare because either they don't understand inflation or think they are immune to it.
Some countries already deep into hyperinflation are Zimbabwe and Venezuela, but others are already in high inflation. You could see Lebanon, a country where the official exchange rate is 1500. Still, in the real market, the price is around 16000, meaning the actual inflation rate is ten times more than the official count. The people paying for it are the regular citizens that decided to save their money on the local currency.
The US dollar is currently suffering from inflation that can turn into high inflation at any moment without notice. The Federal Reserve says it is transitory and will only last a short while. They can still lie to the American people and the world, meaning that those who save their wealth in the US dollar will continue to see their purchasing power decrease monthly.
The Federal Reserve is measuring inflation has changed and won't reflect the changes on products of primary necessity because they want to hide the real inflation from the citizens or buy some more time before the ultimate news comes to pass and the whole bubble burst.
Since 2020 many things have gone up in price, like gasoline which is going up and up. I will say food is also rising, your electricity bill, and so on, but the government is not counting that into the inflation equation. The government hopes those are gullible enough and, with dollars sitting in some bank, don't exchange those bills for other assets like gold, silver, Bitcoin, cryptocurrencies, or any other commodity. The truth is that if you hold dollars for the long term, you could see your hard-earned money value decrease and your purchasing power destroyed by the creature from Jekyll Island.
While the Federal Reserve makes sure you lose your purchasing power by printing a lot of dollars, Blockstream, the corporation behind Bitcoin Core, is building the network and the corporations that will publish your satoshis away. Suppose you leave your satoshis sitting on applications like Strike, Chivo (El Salvador government-sponsored bank account), Wallet of Satoshi, or any other custodian wallet. In that case, you are exposing yourself to Bitcoin supply inflation because those applications will run on private ledgers that will be able to print bitcoin if enough people use only their services. The printing of Bitcoin is possible when you use custodian services, and users don't withdraw to on-chain or their private wallets.
Bitcoin transaction fees are expensive and will continue to increase as the price goes up. It will be more costly and complicated for regular citizens to withdraw to their private wallets the satoshis they hold on custodian accounts to the point where people will use more and more custodians. Once more than 80% of a population uses only custodians, those custodians will get an excellent idea of printing Bitcoin. Since everyone uses their centralized services, no one will be the wiser to notice that they no longer hold the real deal but yet another fiat called Bitcoin.
Bitcoin Cash which, in my opinion, is the real Bitcoin, doesn't need custodian accounts to be a peer-to-peer currency. With meager fees, people of all classes can verify their funds by always using blockchain data. Bitcoin Cash supply can't be increased because all users can not trust that only 21 million coins will be ever printed. With PayPal Blockstream Bitcoin Core BTC, you must trust that your custodian won't print Bitcoin in their private ledgers.
With the rise in all fiat currencies, you will soon need a decentralized cryptocurrency that first doesn't have the risk of inflation and can be sued regardless of class because the transaction fees are cheap for everyone. Once the world needs an alternative currency, people will finally realize that BTC is not the coin they need, but the opportunity to profit from that will be today when Bitcoin Cash is still cheap against fiat and Bitcoin Core. If you want the real Bitcoin that can't be inflated away and will be helpful in a hyperinflation scenario, then look no further. It would be best to hold Bitcoin Cash, the actual Bitcoin because it works as a peer-to-peer decentralized electronic cash system.
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