One top-of-mind concern of Peter Thiel is inflation’s possible effect on Bitcoin. He expressed his opinion about inflation’s possible effect on Bitcoin, citing that, as the cryptocurrency’s trading value reached US$60,000, he is uncertain that an investor should aggressively purchase. Thiel criticized the US Federal Reserve System, stressing inflation’s possible effect on Bitcoin. We want to acknowledge Mr. Thiel’s insights regarding inflation’s possible effect on Bitcoin. Since the problem of inflation also impacts Bitcoin investors, we hope that the central bank of the United States would consider Mr. Thiel’s perspectives and look closely at the wider repercussions of inflation’s possible effect on Bitcoin.

Source: Forbes November 01, 2021 11:44 UTC