Ask Leo : Has the birth of cryptocurrency reduced excess inflation in countries?

The birth of cryptocurrency since the beginning bitcoin came to existence their has been a gradual rate at which cryptocurrency has been reducing excess inflation .

source-
First before we dive in to the talk today we should first know what the word “inflation”means.
Inflation is described as the decrease in the value of a particular currency causing an increase in price of goods and services over time.
The birth of cryptocurrency has reduced excess inflation as people seem to protect themselves by investing in assets that maintain their values. Crypto in the recent years have become a better alternative to have a hedge against inflation.
Inflation is not always bad thing in some situations as it can actually boost the economy of a country and also create more job opportunities to people.
Mostly how crypto has reduced countries excess inflation is through the edge it has on inflation.

Thanks for viewing my post and do have a lovely day.

Posted Using LeoFinance ^Beta