Inflation refers to the decline of a currency's purchasing power over time. That means the same unit of money used to buy a basket of items today would purchase fewer items in the future.
People have talked a lot about Tether and Bitcoin, with some economists saying the former is a potential financial stability risk.
Crypto mining, the process of generating new tokens, consumes a lot of energy, which impacts growing concern over the environmental impacts of virtual currencies.
The classification of Bitcoin as either inflationary or deflationary remains a contentious subject. Economists and academics have mixed reactions to that proposition.
Although it is doubtful, there is a possibility that Bitcoin's price would depreciate to zero. Some experts claim the run-up in Bitcoin's price is a bubble that might soon come to a halt.
Bitcoin works as an online form of fiat money. However, people mine it like gold. So, how can you join the Bitcoin rush that seems to interest everybody?
If somebody mentioned Bitcoin sometimes back, nobody would have bothered to know what it is. However, Bitcoin is now a popular virtual currency that everybody wants to learn about and, perhaps, own.