Dear Readers,
Inflation is a topic I address very frequently in this newsletter. No wonder, given how much families, individuals, and businesses are suffering from the never-ending march higher that global prices have been on for decades.
Typically, I address currency inflation, which is the increase in a currency’s supply. Currency inflation, in my opinion, is the worst type, because it allows governments to use their “money printers” to increase the money supply for the benefit of themselves and their cronies, while harming the rest of us who don’t have the ability to legally create new fiat.
Bitcoin is naturally a perfect hedge against currency inflation, because it is not realistic to expect that more Bitcoin will ever be printed. The blockchain’s code enforces a supply cap of 21 million Bitcoin, and the community at large has no incentive to eliminate the supply cap to benefit someone else at their own expense.
