The post Fred Krueger: ‘Bitcoin offers superior hedge against inflation,’ here’s why appeared on BitcoinEthereumNews.com.

Inflation outpaces wages as costs soar 10-20x, pushing Bitcoin as a wealth-preservation tool. Fred Krueger sees Bitcoin’s limited supply and decentralized nature as ideal for combating inflation. Fred Krueger, an entrepreneur and Bitcoin advocate, shared his perspective on inflation and rising living costs on the 30th of December, through posts on X (formerly Twitter).  Krueger examined how inflation has reduced purchasing power over the past five decades and proposed Bitcoin [BTC] as a potential solution for long-term wealth preservation. Rising costs far outpace wages Krueger highlighted that the cost of essential goods and services has increased dramatically since 1971. He noted that a gallon of gas went from $0.36 to $3.00, and a slice of New York pizza rose from $0.25 to $5.00.  Education costs, such as tuition at Stanford University, saw one of the sharpest increases, growing from $2,400 per year to $66,000—a 26-fold rise. Meanwhile, wage growth has not kept up. The federal minimum wage increased from $1.60 to $7.25, just a fourfold rise. Salaries in professions like engineering, law, and aviation have grown by seven to nine times.  Krueger observed that investment banking was one of the few fields with substantial growth, where starting salaries have risen 15-fold. However, he emphasized that even this falls short of the 10-20x increases seen in living expenses. The uneven burden of inflation Krueger stated that rising costs have placed a heavier burden on the bottom 50% of earners, who struggle to keep pace with growing expenses. He explained that while the top 1% of earners have benefited significantly from rising asset prices, the majority have been left behind.  Krueger noted that this trend is not unique to the United States, pointing out that Europe faces similar issues, with slower wage growth and comparable cost increases. Krueger also rejected claims that…

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Filed under: News - @ January 1, 2025 12:15 am