Effective Bitcoin Inflation Rate Averages -3…

Cryptocurrencies have seen huge growth in value and volume over the last few years as bitcoin and other investments have flourished in the financial world. The price of bitcoin has grown 221-fold since 2015. Yet bitcoin has not made many inroads as a form of currency in retail. Few stores accept it in exchange for goods. Online retailers like Overstock.com and NewEgg that do accept Bitcoin only accept it at the current exchange rate to the dollar. Goods are listed in dollars and purchases are converted to bitcoin during checkout at the current market rate.

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