As inflation skyrockets, Bitcoin and other digital assets can act as a hedge
Bratislava, Slovakia: Coindeck is inviting users to invest in Bitcoin and other digital assets through its cryptocurrency exchange as inflation skyrockets around the world.
Recent findings from the Pew Research Center indicate that Argentina and Turkey were severely impacted by inflation this year, with inflation rates of 51.9% and 19.3% respectively for their native currencies. The World Population Review, meanwhile, reports that Venezuela and Zimbabwe experienced hyperinflation, with inflation rates of 9,986% and 676%.
Cryptocurrency can provide a hedge against inflation and when a country’s native currency is devalued. In recent years, Bitcoin has gained value (gaining 85% in 2020, 1244% in 2018, 129% in 2017, and 38% in 2016). Those gains would benefit every investor who bought Bitcoin at the start of the year.
Even when Bitcoin loses value, it may perform better than some native currencies. In Bitcoin’s worst years (such as its year-end losses of -71% in 2019 and -59% in 2015), the cryptocurrency was a stronger investment than native currencies devalued by even higher inflation rates.
In light of rising inflation rates, the exchange operators at Coindeck invite investors to take advantage of Bitcoin’s role as a hedge against inflation by opening an account.
Investors can purchase one of four major cryptocurrencies. Coindeck provides access to Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). It also offers Tether (USDT), a stablecoin pegged to the value of the U.S. dollar that not only protects against inflation but also protects against the volatility of Bitcoin.
Coindeck aims to offer a simple way for new investors to buy cryptocurrency with a straightforward five-step buying process that will deliver crypto right to your digital wallet. Users benefit from security features such as advanced fraud detection, two-factor authentication (2FA) and offline “cold” storage. Customer support is available five days a week during business hours.
Customers can purchase Bitcoin with various payment methods including credit card, bank wire, Interact, and Klarna. Support for Apple Pay is also pending.
Interested investors can visit Coindeck’s web page at coindeck.com
About Coindeck: Coindeck is a cryptocurrency exchange based in Bratislava, Slovakia. Founded in 2020 after two years of development, Coindeck now offers cryptocurrency trading to customers in 194 countries. The company is licensed by Financial Intelligence Unit (“FIU”) in Slovak Republic to offer virtual currency and wallet services.
