As The Cost Of Living Rises Here’s How Persystic Token and Bitcoin Can Ease The Strain
Bills Are Expected To Rise As Inflation Continues
The cost of living crisis is hitting the UK hard with reports of household bills surpassing £4000 a year which is more than double what the average was last year. Couple this with high levels of inflation and stagnating salaries the word recession is at the forefront of many people’s minds.
Moreover, interest rates are on the rise which will hurt most middle and lower-income households through rising repayments on mortgages and loans, yet benefit those who have savings and are loan free. Whilst the equitability of this policy can be debated, the main concern for the average household will be with ensuring financial stability and finding the best method to protect their assets as bills and inflation hits home.
With that in mind, this article will assess 2 cryptocurrencies that have the potential to outperform inflation to best ensure the protection of assets. One protocol is a new project coming to market aiming to revolutionise social media platforms in Persystic (PSYS) and the other is one of the more risk-averse investment strategies in industry leader Bitcoin (BTC).
Persystic – Making Social Media Decentralised
The transition into Web3 is well under construction and one area where innovation can bring positive disruption is within social media. Decentralising social media has several benefits such as monetising your content where rewards are more meritocratic for the producer, less censorship of content, and greater levels of operability.
This is exactly what Persystic (PSYS) is creating with its native social media service. Whilst encompassing all of the above the platform will launch its native token PSYS and will be available to purchase, send, and tip other users for their content and other services.
With social media set to be one industry that can benefit the most from blockchain technology to provide true democracy and meritocracy within the space, Persystic could see exponential returns on its native token. Whilst it is important to always do your own research and understand that tokens in their presale will hold more risk than established protocols, the upside is also more significant.
Bitcoin Holds Above $24,000 As Breakout Is Looming
Opposingly, one more risk-averse strategy that is still reported to outperform inflation by many analysts in the coming years is Bitcoin (BTC). Last year Bitcoin reached a new all-time high of $69,000 before dropping to around $19,000 before now starting to show some bullish signs as a stairstep to $30,000 is likely where the next major resistance level lies.
In the long run, however, many analysts predict that Bitcoin will reach $100,000 within the next few years as a break of $69,000 could see a run up to $100,000 where the psychological barrier lies. The adoption of Bitcoin as a premier store of value continues to increase and the utility as an alternative payment method for business and merchant services is also seeing an increase.
As crypto continues to increase in adoption the demand for buying goods and services will also see an increase and this is where Bitcoin can offer the most value. Lastly, Bitcoin is innately a deflationary asset and has a limited supply meaning on a basic conceptual level the greater the adoption the more valuable Bitcoin will become and offers a great opportunity to outperform inflation and protect users’ assets against the wider macroeconomic turbulence.
If you are interested in learning more about PSYS click the link here for more information
Persystic Token (PSYS)
Presale: http://join.persystic.io/
Website: http://persystic.io/
Telegram: https://t.me/PersysticTokenOfficial