Inflation Hedge Bitcoin Surges To Record Highs As CPI Soars

Inflation Hedge Bitcoin Surges To Record Highs As CPI Soars



Bitcoin hit a brand new document excessive right this moment, touching $69,000 for the primary time as inflation information from the U.S. Department of Labor confirmed the very best annual soar in client costs since 1990. The buyer value index (CPI) elevated 6.2% from October 2020, exceeding the 5.4% fee registered in September and fueling the inflation hedge narrative for Bitcoin additional.

How Cryptocurrency Can Protect You ...
How Cryptocurrency Can Protect You Against Inflation

Power, shelter, meals, used automobiles and vehicles, and new autos are among the many most important contributors to the rising index, which weighs a basket of products and companies to gauge month-to-month and annual will increase in costs for the U.S. client.

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