Entrepreneur and Bitcoin advocate Fred Krueger discussed inflation and the rising cost of living in a recent analysis. He compared the price increases of goods and services from 1971 to 2024, finding that essential items like gas, food, housing, and education had increased 10 to 20 times their original prices. In contrast, wages have not kept pace with the rising costs, with salaries only increasing four to nine times. Krueger highlighted the disproportionate impact on the bottom 50% of earners and proposed Bitcoin as a solution for combating long-term inflation. He believes Bitcoin will outperform gold and the S&P 500 as an inflation hedge in the coming decades. However, it's important to note that gold has historically served as a safe store of wealth during economic instability, while Bitcoin's role in inflation hedging is still relatively new.
- Content Editor ( cryptoglobe.com )
- 2024-12-30
Fred Krueger: Inflation Is Crushing Bottom 50%, HODLing Bitcoin Is the Best Answer