The trucking industry has always operated on tight margins, and operators within the industry have always sought ways to add safety and security to their profit margins. Unfortunately, inflation concerns are mounting as borrowing by the United States government has increased significantly in response to the COVID-19 pandemic. Ccjdigital.com
reported on this concerning trend: Inflation concerns are mounting with the U.S. Treasury having borrowed more than $5.7 trillion in the past year to pay for COVID spending bills spearheaded by the Trump and Biden administrations.
This means that some trucking industry participants simply do not see the value of the US dollar as something that they can reasonably rely on going forward. They fear that the fuse has been lit, and the potential for hyper-inflation could wipe out their ability to generate consistent and reliable profits into the future. Cryptocurrencies may be the safe-haven that they turn to in this turmoil.