Cryptocurrencies were supposed to be safe havens in times of economic trouble and protection against the erosive effects of inflation. Unfortunately, Bitcoin and others have fallen significantly in value since the later part of 2021. Now it appears to be time to think about how to protect your crypto from inflation. Inflation is going up. How is your crypto doing? The consumer price index, CPI, keeps going up. The U.S. Bureau of Labor Statistics reported on June 10, 2022 that in May of 2022 the Consumer Price Index for All Urban Consumers went up 1% in May as opposed to 0.3% in April. This seasonally adjusted increase included increases in food, shelter, and gasoline as the biggest offenders. Cryptocurrencies were supposed to be safe havens in times of economic trouble and protection against the erosive effects of inflation. Unfortunately, Bitcoin and others have fallen significantly in value since the later part of 2021. Now it appears to be time to think about how to pro...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)