Im big on crypto like the rest of you but this needs to be addressed. I feel the more we push misinformation on this sub in order to push our agenda the less credible crypto as a whole will be.
The US hitting a 5-6% inflation in a year isnt good, there is fear and uncertainty to be had by this. This does promote the idea that crypto is a great hedge. However, claiming this is hyperinflation is insane.
Most experts will define hyperinflation as 25-50% price level increase in a MONTHLY basis. That's a minimum of 1,297% in a given year. Lets not spread fake information to spread fear in the system.
So many posts are either pushing this montra and if theyre not, they send the whole "if you kept cash in the last 12 years youd lose x but if you put it in BTC youd gain y". The false equivalencies are gross and are going to get people screwed when they think throwing everything into crypto will save them or make them rich.
Let the downvotes begin
EDIT: referenced it in the comments but to set the record straight, another common definition of hyperinflation is a 100% increase in price levels over a 3 year period. This doesnt disprove my statement but good to have all data in one place!
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