Worried Another Inflation Surge Is on the Horizon? 1 Excellent Crypto to Buy Right Now and Hold for Decades.
Is another inflation surge lurking around the corner? Here's how a strategic cryptocurrency investment can shield your wealth from inflation risks in the long run.
A little bit of inflation is a healthy part of a balanced economy. Making your money worth a little less over time should encourage people to buy things and otherwise use their cash.
But nobody likes a sudden flare-up in inflation rates. America suffered an inflation crisis in 2022 and 2023, as the combined fallout of the fading coronavirus pandemic and Russia's attack on Ukraine drove energy prices through the roof. A fresh Motley Fool research report on inflationary effects shows energy prices skyrocketing in this period, with cascading effects on other goods over time. Energy prices affect the costs of shipping, transportation, and storage for everything else, after all.
The inflation shock sent the stock market way down, as companies adjusted to rising costs and investors backed away from risky ideas. The S&P 500 (SNPINDEX: ^GSPC) market index closed 19.4% lower in 2022, while the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) plunged 33.1%.
