Is The CPI Report Bearish For The Crypto Forecast? (BTC-USD) – Crypto News BTC


Umbrella protects Bitcoin icon from rain

atakan/iStock through Getty Pictures


Bitcoin (BTC-USD) may very well be establishing for one more bull run, even within the face of a hotter-than-expected January CPI report. To this point, there’s little proof to assert that prime inflation is dangerous (or good) for Bitcoin. I as an alternative look

CPI vs Fed Funds Rate


A risk-on asset (inflation is dangerous)
A scarce retailer of worth (inflation is nice)
A cost methodology (inflation is arguably good)
A brand new asset class that is not correlated with present courses (inflation is irrelevant)

Bitcoin up and Dow down after January CPI

Google Information

Bitcoin hash rate over time

Bitcoin confirmed transactions per day

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