Worried Another Inflation Surge Is on the Horizon? 1 Excellent Crypto to Buy Right Now and Hold for Decades
The latest inflation report was, thankfully, slightly better than expected. The Consumer Price Index rose 2.8% annually in February, less than the 3% that some economists were estimating. For most of the past two decades, inflation has averaged around 2%, research from The Motley Fool shows.But while the latest data shows the U.S. is getting closer to its 2% inflation target, not everyone is optimistic that it will reach it soon. President Donald Trump's tariffs on trading partners have sparked concerns that inflation will begin climbing again. A stock market sell-off since the beginning of the year is a response to the uncertainty some investors feel, and that has them searching for alternative investments.One alternative is to buy cryptocurrencies, which are often viewed as a hedge against inflation. While riskier than stocks, crypto can be a smart way to diversify your portfolio, especially in uncertain times. Here are two reasons why buying Bitcoin (CRYPTO: BTC) now could be a good option for combating a potential inflation spike.Continue reading
The latest inflation report was, thankfully, slightly better than expected. The Consumer Price Index rose 2.8% annually in February, less than the 3% that some economists were estimating. For most of the past two decades, inflation has averaged around 2%, research from The Motley Fool shows.
But while the latest data shows the U.S. is getting closer to its 2% inflation target, not everyone is optimistic that it will reach it soon. President Donald Trump's tariffs on trading partners have sparked concerns that inflation will begin climbing again. A stock market sell-off since the beginning of the year is a response to the uncertainty some investors feel, and that has them searching for alternative investments.
One alternative is to buy cryptocurrencies, which are often viewed as a hedge against inflation. While riskier than stocks, crypto can be a smart way to diversify your portfolio, especially in uncertain times. Here are two reasons why buying Bitcoin (CRYPTO: BTC) now could be a good option for combating a potential inflation spike.
