It’s hard to resist, isn’t it?? 😀

Elon Musk keeps holding the game of animals.

Inflation in cryptocurrencies

In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.

Inflation in cryptocurrencies occurs when too many new coins are issued.

A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.

Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.

But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.

However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.

No money = no problems 🙂

Is this you?? 😁

Real diamond hands 😅

Where to store large amounts of crypto

If you have accumulated a significant amount of cryptocurrencies (congratulations), you should strongly consider storing your coins in a hardware wallet.

However, sometimes, there is a problem: There are coins that are not supported by any existing cold storage. At the same time, storing coins on an exchange, as you know, is not recommended.

So, what should you do in such a situation?

If the amount is substantial and you don’t want to store it in a regular software non-custodial wallet on your PC or smartphone, do this: Get a separate laptop exclusively for storing coins.

Don’t use it for surfing the internet at all—just install the necessary blockchain wallets and open it strictly when you need to make a transaction with coins.

Thus, in a sense, your computer is a “semi-cold” vault.

Yes, a regular hardware wallet is still safer (since it is never connected to the internet), but the solution we have proposed is the best one to offer in a situation where you can’t get a large amount of coins into Ledger, Trezor, SafePal, and other cold devices.

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In a month or two we will dissolve this chat because everyone will be a billionaire.

Changpeng “CZ” Zhao has been sentenced to 4 months in prison.

The founder and former CEO of Binance, CZ, will spend four months in prison. The prosecution demanded three years in prison, while the defense insisted on a suspended sentence.

We won’t go into detail about this high-profile trial (you can read about it on the internet), but we’ll note that the former Binance leader became the richest prisoner in U.S. history.

JUST IN: 🇺🇸 President Joe Biden claims inflation was 9% when he came into office.

Inflation was actually 1.4% when Biden took office in January 2021.

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Ethereum ETFs are here: Insights into the SEC's approval 🔍

The U.S. Securities and Exchange Commission finally gave the green light to the creation of Exchange-Traded Funds (ETFs) that will hold Ethereum directly. Find out why the crypto community is celebrating as we answer -

What was the word on the street after the approval of Bitcoin ETFs? 🎲
Why does the Ethereum ETF approval matter? 🤔
What does the Ethereum ETF approval mean for investors? 📈

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