Inflation Prints A High Mark: Good For Bitcoin

in Threespeak16 days ago (edited)

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We saw a large print on the CPI earlier. Is this good for Bitcoin? To answer this question, we have to decide what is going on with it.

In this video I discuss how we are likely going to see a decline in the inflation rate throughout the rest of the year. This might be highest print we see for a while. Bitcoin has fantastic long term potential but trying to tie it to inflation might be a mistake


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I don't think tying it directly to CPI is a good idea since the basket of goods and how they measure it isn't really the the same. Would you really tie the cost of used car prices to the price of BTC? I feel like it might just be a shortage somewhere in the economy.

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