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Economist Peter Schiff has warned that the U.S. economy is facing stagflation and the situation is going to get worse. “Not only is the economy weakening, but inflation is strengthening,” he stressed, emphasizing: “You have the worst of both worlds.” U.S. Economy and Stagflation Economist and gold bug Peter Schiff warned about
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Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if cryptocurrency investments work well during stagflation, one can examine how traditional
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Since 1960, the Standard & Poor's 500 Index of large U.S. stocks has averaged +2.5% per quarter, but during periods of stagflation, it saw a 2.5% decline, Scott Bauer, a former Goldman Sachs trader who's now CEO of Prosper Trading Academy, told CryptoX. Source
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