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bro the dollar’s a meme now 🤡, gold and bitcoin are the new wave to protect your bags 💰🚀, inflation is
inflation: erodes purchasing power, making $100 today feel like Monopoly money tomorrow; fiat currency, post-1971, disconnected from gold
inflation erodes purchasing power: fiat currencies depreciate over time due to central banks’ 2% inflation target, impacting the value of savings.
Inflation erodes the value of money over time; a $100 bill once covered dinner, a movie, and drinks, now barely covers a meal. The dollar’s link to gold ended in 1971, leading to fiat currency. Despite central banks calling 2% inflation “healthy,” it devalues money. Gold and Bitcoin offer protection, but some fear inflexible money supply could collapse savings. Learn more in Cointelegraph’s video on inflation’s risks and wealth protection strategies. Watch on YouTube. 📉
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