Highest Spain Inflation In The Last 10 Years

in #inflation3 years ago

The last few years have indeed been the toughest years in the last 1 year, Various crises ranging from pandemics, conflicts, natural disasters occurred in a row which made the global economy sluggish, one of the most influential crises was the Covid-19 pandemic which had a very large effect on the global economy. Market, On the other hand, various countries on all continents are experiencing a downturn and one of them is Spain. In the last 10 years Spain recorded the highest inflation record of 4% which had a major effect on economic conditions in that country and its neighboring countries.

13 Year Highest Inflation

Spain has become one of the countries that has been significantly affected by the Covid-19 pandemic that has occurred in the last 2 years, the National Bank of Spain recorded an increase in inflation of 4% and deviated from forecast figures which ranged from 1% to 2%, Economists also saw this phenomenon as one of the most influential crises due to Covid-19 at this time. In addition, the increasing need for energy makes consumption costs in various sectors also create and this has a big effect on the Spanish economy lately, rumors also make some people start looking for alternative wealth reserves and some of the choices are Cryptocurrencies and Gold.

High Cryptocurrency Holders

According to data from various articles and research, Spain is one of the countries in the world that has a high ratio of Cryptocurrency Holders. The population of Spain itself is currently around 46 million people with a Crypto Holder level of 1 Million Population or about 2% of the total population. Spain is one of the largest Crypto-friendly countries, this is because Cryptocurrency offers a decentralized form of Peer-To-Peer finance and also the social inequality that occurs in Spain is high. In addition, several crises have also made people look for an option. It is safe to store assets and one of them is Cryptocurrencies Apart from Gold, Both of these assets are known to be resistant to inflation and a good choice to use as a Saving or Investment Option.

"Gold" Rush

Cryptocurrencies are seen as an another Gold in a new digital form that everyone can access and in the last five years we have seen another "Gold" Rush phenomenon occurring in a different form. Cryptocurrency itself is more volatile than real Gold but offers a higher price movement but with greater risk, Spain is one of the countries with the largest user base of crypto in the world today, More than 1 million users are actively using crypto for various reasons and one of them With a sluggish economy and high inflation rates in recent years, Gold itself in Spain has received significant demand where in some data, Spain is one of the countries with the largest Gold Reserve and Holder in Europe.

Blockchain-Based Gold

Blockchain through Cryptocurrency offers not only as a Financial base but Powerful Technology that can be used in various sectors and one of them is the Precious Metal (Gold) Sector, Through one of the Pioneer Gold-Exchanges in the Blcockhain market and that is Digital Gold This is an new Gold Exchange ecosystem, which offers a new form of transaction in Gold transactions that allows everyone, especially Crypto Holders, to be able to access the Gold market in real time. Their system offers real time Gold Chart Trading API integration and various crypto payment options such as Bitcoin or Ethereum, They also ensure a 24/7 support team. Cryptocurrency has become an innovative digital phenomenon in the internet world and one of the countries that has been heavily impacted is Spain, Through Digital Gold everyone can use Crypto to buy Gold flexibly and get instant access when various crises occur such as Inflation or other things, Offering an new form of Sophisticated Hybrid-Ecosystem.

Backed By Pure-Gold

As far as my experience in the crypto world has been, there have been many platforms or projects that offer "Gold" in crypto form but they ended up Exit-Scam due to lack of transparency, Digital Gold is the best option currently available on the Global Crypto market by offering a form of Gold-Tokenization which is integrated with Self -Executed Smart-Contract based on Blockchain Technology, Ensures a sophisticated system distributed on the Public network. Every token minted will be based on Pure-Gold which is stored in the Bullionstar Vault, Team Digital Gold also ensures an efficient form of gold transactions through their exchange platform with low Slippage and Spreads, solid Liquidity and secure Smart Contracts, Apart from that the Algorithm they offer competitive Gold prices updated in real time with global market prices.

Conclusion

In the case of Spanish Inflation, we can learn that a crisis can occur suddenly and prolonged and therefore splitting the few assets we have to be stored in Solid Reserves such as Gold or Crypto is a wise choice. Gold offers a form of inflation-resistant assets with stable returns and on the other hand Cryptocurrencies are more volatile but with larger returns, Digital Gold offers a form of advanced Blockchain-based Gold exchange platform that provides more flexible options at lower costs and faster , Therefore I highly recommend that you try to buy a few grams of Gold on the Digital Gold Platform and experience the convenience!

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