97% of payment service representatives are positive about BTC
The inflation rate of bitcoin, according to the Woobull project, is 3 times lower than that of the US dollar. Currently, the inflation rate of the main digital coin is in the region of 1.8%.
Since the advent of BTC in 2009, this figure for the crypto coin has constantly been decreasing. At the same time, the dollar inflation rate is 6.4%. That is, bitcoin is 3.5 times less prone to inflation, experts decided.
Halving is one of the main prerequisites for lowering BTC inflation, analysts say. The next such event is expected in May 2024.
Back in 2011, the BTC inflation rate reached 50%. However, it dropped to 12% after the halving. And in 2016, the inflation rate fell to 4–5%.
During the previous halving, the price of bitcoin grew. That is, there is an understandable dependence: during the halving period, the cost of the first crypto coin grows, while the inflation of the digital asset, on the contrary, decreases.
And one of the latest Ripple polls showed that the majority of representatives of payment companies believe in digital assets and blockchain. The study participants were representatives of 950 companies, including analysts and company executives from 45 countries.
About 97% of respondents agree with the conclusion that over the next 3 years, crypto technologies will play an important role in providing faster and cheaper payment transactions. 17% of respondents have already implemented the function of making cryptocurrency transactions. Another 52% noted that they are considering expanding the product line through digital assets.
More than 50% of the study participants support the forecast of acceptance of transactions in crypto assets by the majority of merchants until next year. In the context of the Middle East and Africa, 27% of top managers responded in a similar way with regard to the horizon of the next 12 months. Ripple explained this information through the growth of mobile payments with support for digital currencies and the development of CBDC.
