Bitcoin as a Hedge against Inflation! What's Next?

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Soon after hitting its new All-Time High at $69,044 on November 10, Bitcoin falls sharply back to $64k now, while the Cryptocurrency Market cap after gaining stronghold at $3.1 Trillion is now back around $2.94 Trillion. Well the market is expected to recover in no time soon, this time Bitcoin is all set to cross $70K target.
While Ethereum also enjoyed its new ATH moment at $4,878, which soon can be expected to finally achieve its golden target of $5K.

Meanwhile Shibainu, the Dogecoin rival continues to dominate its popularity on Twitter and according to latest reports, SHIB has been the most popular cryptocurrency on Twitter in October, followed by BTC and ETH. Recently Apple CEO Tim Cook, talked about his personal portfolio investments in cryptocurrencies but Apple still has no plans to get on Cryptocurrency board.

For Bitcoin there appears to be a selling wall at 70K. Bitcoin is now a step up. It is judged that the dimensions have changed in price, reliability, institutional participation, and the perception of institutions and markets. As Web3, Metaverse, DeFi, and Gaming are combined, the blockchain and crypto domains are expanding.

Due to the decentralization of information, individual investors are becoming more mature than in the past, and institutional investors are taking some initiative and investing while learning from the market. The exchange, which is a clear stopping point for the flow of money, continues to have influence, and we are watching whether the flow will change or continue with the relationship of decentralization and co-prosperity such as DeFi.

Cryptocurrency market's extreme volatility is likely to fade as heterogeneous bonds intensify. As heterogeneous industries are combined with blockchain and crypto, new assets, business models, and trends are expected to emerge. As such, there may be many appearances of hoarseness.

Don't ask emotionally, personal relationships, biased beliefs, lack of affection, or participation in projects or investment sites run or initiated by people with an idealistic worldview or society to realize individual's suppressed desires reminds me of my thoughts. Even if you make money in a short time, it won't last long. Whether it is short-term trading or long-term investment, you need to invest in a place where the basics are established and work together.

In the midst of this, inflation in the US appears to be quite worrisome. The Fed has been referring to it as a short-term optical illusion that is not a big problem since last summer, but has gradually increased the awareness of inflation as a problem. You must have already known that inflation was a concern, but I think you underestimated the severity of inflation as several factors such as the need for economic stimulus, political considerations, easing of market shocks, and the influence of financial giants were involved.

The price of gold and Oil is skyrocketing, and Bitcoin is rapidly strengthening its position as an inflation hedge.

Posted Using LeoFinance Beta



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3 comments
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Do you expect that large investors have started to reap their profits?


Posted via proofofbrain.io

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Not exactly friend. There is yet to see more jump ahead in Market prices. 70K might face a strong resistance but as we already see in the previous few weeks, Bitcoin holding strong around 62K, its a matter of time we see it cross 70K. November is an interesting watchout, how will Market shape the next year. !PIZZA

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