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Bitcoin which has an inflation rate of 1.69% right now, will be halving in April. After the halving, the inflation rate will drop to .84%. The predictablility of the inflation rate is a big plus to people all over the world who are trying to protect themselves from inflation. Gold and silver are another great way as well but bitcoin has advantages. It's a better medium of exchange than gold since it is more portable. U.S. inflation was calculated at 8% last year and this year will probably drop to about 3% here in the U.S.. That doesn't sound too bad but the devil is in the details. I calculated inflation to be 8.8% last year which isn't much of a difference but this year I have estimated it to be 9.5%. In 2020, the stated inflation rate was 1.23% but I calculated it to be 18.6%. I guess it's good to own gold, silver and bitcoin. It's important to have money with defined inflation rates. History has shown what has happened with fiat currency (paper 'money'). It never ends well. For the record, bitcoin is behaving like a store of value or reserve asset. It hasn't shifted into the 'medium of exchange' phase yet. It's interesting how Milton Friedman predicted internet money (Bitcoin) in 1999.
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"Inflation is always and everywhere a monetary phenomenon." Milton Friedman
U.S. inflation rates
For problems with inflation calculations a website like Shadowstats might be a good start. I have my own method of calculating inflation.
Edit:
Added Video
"Inflation is always and everywhere a monetary phenomenon." Milton Friedman
U.S. inflation rates
U.S. Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
www.macrotrends.net
For problems with inflation calculations a website like Shadowstats might be a good start. I have my own method of calculating inflation.
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