CPI inflation data reached a 40-year high of 9.1% in June with the largest price increases occurring in the energy sector, seeing fuel and oil rising almost 100%.
Zimbabwe, currently faced with incredible inflation and tough sanctions, could massively benefit from increased adoption of the open network of Bitcoin.
The long-standing claim that bitcoin is a hedge against inflation has come to a fork in the road as inflation is soaring, but the bitcoin price is not.
The Federal Reserve is acting on behalf of commercial banking interests to crush asset prices. Can bitcoin compete in a world of coordinated inflation?
Inflation data shows a 106% increase in fuel oil year-over-year with an unexpected 40-year high Consumer Price Index report of 8.6% as bitcoin dips to $29,500.
A reversal in interest rates shows that markets are pricing in lower inflation expectations and a rising probability of a deflationary market on the horizon.
PREDICT BITCOIN
