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Inflationary winds from around the world spell a sea change for Bitcoin
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Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently, there are fresh warnings of an inflationary storm.
If so, what does it mean for Bitcoin, long promoted by partisans as an inflation hedge though not really tested in this way since its 2009 founding? That is, will millions of individuals and institutions flock to BTC as a safe haven — an alternative to gold or the United States dollar?
Recent reports, like the 6.2% October rise in the consumer price index (CPI) of the United States — a 30-year record — were sobering, though this recent bulge in a single national economy
Read more on cointelegraph.comAbout this in other media
Explained: Why IMF does not support El Salvador’s use of Bitcoin as legal tender cnbctv18.com /2 years ago
Cryptocurrency regulation: Here’s what countries around the world have done moneycontrol.com /2 years ago
Fed conducted 'policy sprints' around crypto assets to address regulatory clarity cointelegraph.com /2 years ago
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