Definitely suffering from the effects of inflation over here (Singapore), although it's probably not as extreme as those we see in other countries. It has probably been offset somewhat by the rise in currency value of our dollar too.
As for crypto, I don't think it's going to hold as a store of value against inflation, as much as what it was preached to be during the bull runs. The majority of people clearly see it as a speculative asset and I don't see it recovering to its previous heights anytime soon.
I totally agree with you. Crypto was a store of value against inflation before it became a volatile speculative asset for many people who have no real idea what crypto is all about. This bear market will probably kick out a lot of these players and a lot of projects that weren't that good in the first place. I think however that the remaining ones will be worth gold...
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