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Crypto community divided on whether Bitcoin is an inflation hedge

Published 07/14/2021, 07:57 AM
Updated 07/14/2021, 09:00 PM
Crypto community divided on whether Bitcoin is an inflation hedge

Amid a massive spike of the United States’ Consumer Price Index (CPI), the cryptocurrency community has been divided on whether Bitcoin (BTC) is really a hedge to inflation.

The CPI, an indicator measuring the average change in prices that consumers pay for a basket of goods and services, saw its largest one-month increase in June over the past 13 years, Business Insider reported Tuesday. The inflation surge reportedly started in March, when CPI rose by 2.6%, followed by subsequent increases in April of 4.2% and eventually 5.4% in June.

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Latest comments

Bitcoin's mature is deflative. It has capped supply so practically the more people hold it the higher it's price. currently several governments and regulators are trying to compromise Crypto assets, putting variety of obstacles on the PROGRESS way. Don't be baffled! Bitcoin is taking the financial POWER out of their hands and it freaks them out. Be free! Don't let them fool you!!!
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