@going45
Inflation often erodes the value of traditional fiat currencies, prompting investors to look for alternative stores of value, such as cryptocurrencies like Bitcoin. As inflation rises, the appeal of cryptocurrencies as a hedge against currency devaluation increases. Bitcoin, in particular, is viewed by some as "digital gold" due to its fixed supply and deflationary characteristics. However, while crypto can offer an alternative, its volatile nature makes it a risky hedge compared to traditional assets like gold. The relationship between inflation data and crypto is complex and influenced by broader market sentiment and central bank policies.
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