Fortune: Bitcoin’s moment to shine is very near!

“Inflation” is the word that everyone mentioned at the moment.

A recent study by Bank of America shows that in the last quarterly financial report of US businesses, the number of mention of the decline in purchasing power has increased by more than 3 times compared to the same period last year, the strongest since 2004. In other words, it seems that Wall Street is finally heeding the warning issued by longtime Bitcoin advocates.

There is growing concern that the Federal Reserve’s frenetic money printing program (Fed) will cause prices to skyrocket. In fact, the prices of all goods are also increasing rapidly. Companies will raise the price of their products to offset the costs, and the end bearer will be the consumer. The cost of living suddenly went up.

The real problem is what happens next. Although the Fed has signaled its willingness to let interest rates exceed 2%, inflation could strike very quickly. If inflation accelerates faster than wage growth, the Fed will be forced to tighten monetary policy sooner and faster. That leads to recession.

This unexpected scenario causes the market to worry. As Bank of America points out, reporting more inflation is an indicator of the economy’s decline (2 factors are up to 52% related).

Right now the Fed is not worried. After meeting a few days ago, Fed still kept interest rates even though the economy is heating up.

Everyone agrees inflation is a threat, but people disagree over what to do next. Longtime supporters of Bitcoin boast their currency as “digital gold”, a hedge against inflation. When the value of the dollar falls, Bitcoin becomes a safe haven.

However, major banks and many parties disagree with that. In another report released last month, Bank of America warned investors that Bitcoin “is not a hedge against inflation”. While offering Bitcoin-related products to its richest customers, Goldman Sachs warns against excessive energy consumption and increasing competition from other cryptocurrencies like Ether or even Dogecoin. will negatively affect the future of Bitcoin.

Nassim Nicholas Taleb, author of “Black Swans” recently told CNBC that Bitcoin is “an open Ponzi scam,” a gambling game. “There is no link between Bitcoin and inflation,” he asserted.

In the US, inflation has remained low since Bitcoin’s inception in 2009 and thus Bitcoin has not had a chance to prove its role as a hedge against inflation. However, that could change soon if inflation increases rapidly in the near future. Everyone will be able to see whether Bitcoin will stand or break down like it did a year ago.

Whatever the scenario, one thing is for certain: the time for Bitcoin to shine is near.