RE: Leo Talk 4/06/2021 -Come Join Our Chat by taskmaster4450le

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hive-167922 · @taskmaster4450le · Apr 6 '21

For once Peter Schiff is right about crypto.

He nails it, the inflation of crypto is much greater than fiat.  This is something that most people in crypto overlook.

https://u.today/crypto-inflation-far-exceeds-sovereign-inflation-peter-schiff-claims

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@jfang003 · Apr 6 '21

$0.03

It's true and that is why I am always telling people to look at the use cases. If it doesn't have a good enough sink, then prices will come back down to reality eventually. What's the point in holding something that is generating more supply than demand? Nothing but speculation.

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@johnhtims · Apr 6 '21

That's true for some crypto.  Bitcoin's inflation keeps halving over time so it doesn't really matter there.

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@jfang003 · Apr 6 '21

Yea I agree the halving from BTC makes it different compared to the rest, but I think its probably true for most of cryptos people are buying.

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