Cryptocurrency guru questioned the devaluation of the dollar and its consequences

Saylor’s criticism, the owner of 125,051 bitcoins (a fortune of US$5 billion), aimed directly at the devaluation and its effects and, in a way, at those responsible for the US economy.

In the United States, they are concerned about the increase in inflation, which turned out to be 1.2% in March, adding up to 8.5% in the last year, and which has a direct impact on the dollar, which lost purchasing power, affecting the pockets of Americans.

The claim, reproach and criticism of Michael Saylor, one of the greatest references in the community Bitcointurned out to be opportune to the foundations of the Movement to argue why the cryptocurrency can be a good alternative in this adverse context.

The community and its promoters affirm that Bitcoin is protected from these losses in value suffered by the dollar, precisely because of its decentralized nature.

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George Washington woke up at 2 a.m. on Dec. 14, 1799 with a sore throat. After a series of medical procedures, including the draining of nearly 40 percent of his blood, he died that evening.

We have drained nearly 40 percent of the energy from our currency in two years. #Bitcoin pic.twitter.com/hkEFXTe685

— Michael Saylor (@saylor) April 16, 2022

Cryptocurrencies beat inflation also in Argentina

In this sense, a report prepared by the consulting firm Focus Market through Crypto Buenbit INDEX that took as a reference the Inflation of the month of March 2022 in order to evaluate the real performance of the 10 cryptocurrencies with the highest level of market capitalization. The study showed that 6 of the 10 cryptocurrencies surveyed had a positive real return against inflation during the same period.

“Despite the volatility that cryptocurrencies have had in the month of March, Argentines continue to find in cryptoactives a greater refuge of value than in the Argentine peso. In March they even beat the price of the parallel dollar, which fell 5.25% this month. Despite the agreement with the IMF, local bonds did not pick up, even remaining with an average parity of US$32 with a return below inflation of 3%,” said Damián Di Pace, Director of Focus Market.

The 6 cryptocurrencies that beat Inflation in March 2022 are: Solana with 24.3%. They follow: Cardano con 18,5%, Terra con 15%, polka dots con 12,8%, Avalanche with 11.7% and Ethereum with 10.4%. While below the Inflation of the month of March were found: Binance Coin con 5%, XRP con 3,8%, Bitcoin with 2.7% and USC Coin con -0,04%.