Stagflation, Interest Rates and NFTs in 2022

If you mention stagflation, interest rates and NFTs, most people will only understand interest rates.

And even then, most people don’t understand how interest rates affect the markets.

But all three play an important role in 2022.

And you should know why it’s important to know what the other two mean.

NFTs stand for Non-Fungible Tokens.

Huh?

First, “Non-fungible” more or less means that it’s unique and can’t be replaced with something else.

The dictionary definition of “Fungible” is:

fungible

^{[ fuhn-juh-buhl ]}

See synonyms for fungible on Thesaurus.com

💼 Post-College Level

adjective Law.

(Especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.

Why Stagflation, interest rates and NFTs?

Are you confused yet?

Stay with me here.

Gold is fungible.

And so is Bitcoin… trade one bitcoin for another bitcoin, and you’ll have exactly the same thing.

However, a one-of-a-kind trading card is non-fungible.

It’s important to know that, at a very high level, most NFTs are part of the Ethereum blockchain.

Ethereum is a cryptocurrency, like bitcoin but its blockchain also supports these NFTs.

And the NFTs store extra information that makes them work differently from, say, an ETH coin.

It’s worth noting that other blockchains can (and already have) implement their own versions of NFTs.

As a result, you can expect the fascination surrounding Bitcoin/Cryptocurrencies to cause a greater explosion in NFTs in 2022.

More on this later.

Let’s look at Stagflation.

stag·fla·tion

/ˌstaɡˈflāSH(ə)n/

Learn to pronounce

noun

ECONOMICS

1. persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.

“…In Plain English,” Stagflation is what we’re experiencing in our economy today.

And thanks to Stinky Joe, there’s no sign of it letting up anytime in the near future.

So, what’s so important about Stagflation, interest rates, and NFTs?

In addition to a massive bull market in the US DOLLAR, Stagflation, rising interest rates, and NFTs will dominate the markets in 2022.

That’s the good AND bad news.

Why?

You can either make OR lose a fortune from their combined activities in 2022.

Be sure to read our upcoming January newsletter to learn how to prosper AND thrive in Turbulent Times (HERE).

And share this with a friend…especially if they’re interested in Bitcoin and NFTs.

They’ll thank YOU later.

We’re Not Just About Finance.

https://www.financialsmatter.com/category/in-plain-english/

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