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RE: The Effects of Inflation on Fiat, Cryptocurrency a way out || Reward Pool: 30 STEEM

in Steem4Nigeria2 years ago

This is a wonderful contest from the community Steem4Nigeria. Fiat currencies will always be associated with the effects of inflation and certain factors tend to contribute to such situations, let's talk about war as the author has highlighted in this piece.

As such, Fiat loses its value in the long run which generally affects the economy of the issuer of such currency and other investors that solely depend on its usage. Cryptocurrency can somewhat be a way to preserve value for investors, with the tendency of appreciating beyond mere keeping fiat assets. We hope to hear from the audience what their view is on the subject matter. Thanks for this contest, @steem4nigeria.