Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling.
<h2><strong> Wars Make Bitcoin Compelling: Michael Saylor
</strong></h2>
The CEO of Microstrategy, Michael Saylor, has pointed out that wars create inflation and cripple commerce. This in turn makes Bitcoin (BTC) compelling as it serves as an alternative to hedge against inflation, according to him.

https://twitter.com/saylor/status/1496928346894127113

One of the common investments behind Bitcoin (BTC) <span data-id="343539">is that it's a great hedge against inflation. For instance, the number of Bitcoin (BTC) is limited to 21 million, while the number of U.S. dollars typically increases over time. </span>

<span data-id="343539">With everything else being equal, if the supply of the U.S. dollar increases, the value of Bitcoin in dollars should also increase. </span>This essentially means that the limited supply of Bitcoin is a good hedge against the increased supply of the U.S. dollar.
<h2 class="article__header__heading">Over $5M in BTC Raised to Support Ukrainian Army</h2>
One of the largest non-governmental organizations (NGOs) providing support to Ukraine’s military, Come Back Alive, has received over $5 million in bitcoin donations after Russia launched a full-scale attack against Ukraine. At the time of writing, the <a href="https://www.blockchain.com/btc/address/bc1qkd5az2ml7dk5j5h672yhxmhmxe9tuf97j39fm6?page=25" target="_blank" rel="nofollow noopener">wallet address</a> has over 133 BTC.

Founded in 2014, the Kyiv-based group provides support to Ukrainian soldiers, including a range of military equipment, training services, and medical supplies. At the same time, the country's Ministry of Defence has also set up a designated bank account to accept donations for Ukrainian armies in fiat currencies.

Wars Create Inflation Making Bitcoin Compelling, Says MicroStrategy CEO

Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Wars Create Inflation Making Bitcoin Compelling, Says MicroStrategy CEO

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