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“Inflation Is a Hidden Tax on Your Money” Bitcoin Exchange Hits Fiat in New Ad
Bitcoin exchange, River has released a new ad touting the value of Bitcoin over fiat due to government policies. The Web3 community has often presented this asset as a hedge against inflation in the current macroeconomic environment. Bitcoin’s price rise this year has led stakeholders to reaffirm their stance that the asset is a store of value.
Fiat in the grip of inflation by River Blast
River Finance has hailed Bitcoin as an alternative to inflation in a new ad. According to advertising, inflation is a hidden tax on money that increases consumer price. As a result, rent, food, gas, etc. have increased over time, reducing people’s purchasing power.
“While you are carefully managing your budget, the government is not doing so and continues to spend more to repay its loans. To afford all of this, they create more money, which lowers the value of your money and allows you to buy less in the future.
According to the ad, the US dollar has lost 97% of its value over the last 100 years. This has become a major problem in recent years with
Federal Reserve closely monitor inflation and raise interest rates. Globally, inflation has gripped several countries, with numbers reaching double digits every year.
River informed its users of the possibility of avoiding inflation of their savings using Bitcoin. This is because governments cannot print more Bitcoin since there are only 21 million coins.
“You can save for the future and build the life you’ve always dreamed of. This money is called Bitcoin… Bitcoin is not about getting rich quickly, it is about not getting poorer slowly due to inflation.
Bitcoin as a store of value
Bitcoin holders have viewed the asset as a store of value amid inflation and its rising price. The significant price increases have also spurred broader market adoption. This year, the price of Bitcoin reached a new all-time high above $73,000 following a strong rally. Spot ETF influx. Although the price faces corrections, bulls suggest a bigger gain as sentiments change.
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David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for the latest news. Staying on top of trends, David has worked across several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Far from the financial markets, David goes cycling and horse riding.