/biz/ - Business & Finance

>>52724520
>Inflation isn't even remotely close to being bottomed out

I read that to mean that with all the money printing that happened over the last 4 years we are destined to see further rises in consumer prices. I agree. Only when that freshly printed currency is circulating in the consumer economy will se see consumer prices start to stabilize.

We haven't gone through such a strong inflationary cycle since the era of the Internet and e-commerce began. It might be that, consumer inflation expectations could drive the velocity of money to very high levels never seen before.

I personally thought crypto would function more as an inflation hedge. Was I the only one that fell for that meme?