- With PrimeXBT inflation-fighting tools, traders can prevent capital loss and hit back against restrictive economic conditions by keeping a portfolio in the green.
- Personal finances have gone from steadily saving to fear and panic-selling to keep up with growing expenses and to prepare for the worst ahead.
Inflation is one of the most important topics of the year, right next to the war in Ukraine and other critical macro events that will go down in the history books.
In addition to pain at the gas pumps, rising food costs, and more, trillions of dollars have been wiped out of the stocks and other global markets. Personal finances have gone from steadily saving to fear and panic-selling to keep up with growing expenses and to prepare for the worst ahead.
With PrimeXBT inflation-fighting tools, traders can prevent capital loss and hit back against restrictive economic conditions by keeping a portfolio in the green. Find out how in the guide below.
Inflation Reaches Historic Highs
Inflation numbers in the United States are the highest in over 40 years. Consumers are feeling the crunch in their wallets, credit, and everywhere else. Markets are crumbling as a result. People’s pensions are at risk of becoming worthless.
It is hard to imagine all of this is happening due to inflation, but rather it is the Federal Reserve raising interest rates faster than ever before in recorded history in an effort to combat runaway inflation.
The Fed targets a 2% annual inflation rate, yet month-over-month rates recently reached over 9%. Even after inflation appeared to be tapering off with its first month-over-month decline, it came back even stronger in the following month, shattering any hopes of inflation being transitory.
Fed Raises Rates To Tame Inflation
The return to rising CPI numbers put the Federal Reserve in a precarious position where they cannot pivot and lower interest rates without allowing inflation to continue to run hot.
Keeping markets afloat and reducing the impact of inflation simultaneously has proven too challenging for the central bank to manage, so instead, they warn of “pain” ahead as a reminder of the newly hawkish stance.
The market has priced in several additional rate hikes, with more potential hikes on the way through at least the first quarter of 2023. At that point, the Fed might be swayed toward a pivot.
That is if the United Nations can’t convince them sooner. The UN recently pled with the Fed to consider the strain rate increases are having on the greater global economy.
The impact has shaved more than 25% off the stock market and more than 78% from Bitcoin and other cryptocurrencies. The strength of the dollar crushed gold, oil, and other global currencies. Inflation is quite literally destroying portfolios all across the world.
Fight Inflation With Leveraged Shorts
Innovative PrimeXBT trading tools let traders go short and long with leverage to build an unstoppable portfolio that fights back against inflation. More than 100 trading instruments are available to choose from.
The stock market, forex currencies, and other traditional markets are more volatile than ever.
Long and short positions create the opportunity to hedge macro risk and stay profitable.
Cryptocurrencies have started to stabilize, making price swings less frequent and powerful. Leverage helps extract profits from even the slightest sideways movements.
PrimeXBT uses BTC, ETH, USDC, USDT, and other popular cryptocurrencies as collateral, so there is no need to sell crypto assets — hold while margin trading to increase your stack and grow your wealth ahead of the next bull market.
Copy Trading, Education, And Customer Support
The award-winning trading platform provides 24/7 customer service and a dedicated account manager for fully personalized services.
Users can buy crypto, exchange one crypto asset for another, or access a variety of cryptocurrency-based services.
Also offered is an educational platform called PrimeXBT Trading Academy led by expert trader Dirk Hartig, weekly trading competitions with PrimeXBT Contests, and access to the Covesting ecosystem.
The Covesting ecosystem includes a peer-to-peer copy trading community, APY-generating yield accounts, and COV utility token memberships.
These passive investing alternatives are a unique way to get positioned in the market during the ongoing crypto winter.
Access Inflation-Fighting Tools At PrimeXBT
The PrimeXBT platform is reliable and fast and ensures no opportunities are left on the table.
If capital protection is the goal, innovative PrimeXBT products and services make it possible. If making money is the goal, they also make you profitable.
The entire suite of PrimeXBT trading tools can be found on the official website or the free mobile app.
Registration is free and takes only a few minutes, a valid email address, and a desire to use the most powerful tools in the finance industry.
Try PrimeXBT today, and don’t go down to inflation without a fight.