This week has been a bumpy ride for bitcoin. Starting on the Easter weekend where bitcoin drop even further down to as low as $38K and managed to get back up a little bit to around $41K as we speak.
The fear of recession and inflation is on the horizon for US economy. Historically, an inverted yield curve has been used by many people as an indicator of economic recession on the horizon. Of course we wouldn't want that but it is better to be prepared.
As for inflation, the backlog of supply chain since the pandemic doesn't really help. Prices keep rising and also buying power are going down. Maybe bitcoin can be a solution to hedge against inflation ? Of course this is not a financial advise since I am not a financial advisor.
Let's get down to business. The prices of bitcoins and friends are at:
Bitcoin ( BTC ) - $40,769.13 / IDR 584,793,000.00
Ethereum ( ETH ) - $3,044.16 / IDR 43,620,000,00
Here are some of the prices of crypto assets in my portfolio:
Cardano ( ADA ) - IDR 13,375.00
Polkadot ( DOT ) - IDR 260,124.00
Chainlink ( LINK ) - IDR 200,528.00
Stellar ( XLM ) - IDR 2,939.00
Tezos ( XTZ ) - IDR 45,207.00
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