How Can Inflation Affect Cryptocurrencies like Bitcoin and Ethereum?
- Date: 22-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
How Can Inflation Affect Cryptocurrencies like Bitcoin and Ethereum?
Cryptocurrencies like bitcoin have often been called an excellent inflation hedge.
However, USD’s purchase power against BTC has been in an uptrend for the most part of this year.
Over the last two quarters, amid largely bearish market conditions, socio-political issues have played a key role in establishing BTC’s price trajectory.
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