Every time high inflation is printed, Bitcoin falls.
I understand this is because the federal reserve bank will likely continue raising rates to fight inflation, which brings down asset prices.
However: the fact of the matter is the fed has failed at getting inflation under control and who knows if they will ever get it under control.
Inflation should boost the price of Bitcoin.
Thoughts?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments