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28.11 - 16:43
Record-high inflation prompts investors to take a closer look at Bitcoin
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cointelegraph.comConsumers in the United States and around the world continue to feel the pinch of inflation and recent data shows that the Consumer Price Index (CPI) rose 6.2% in October when compared to last year, a development which further cast doubt on the “transitory” inflation narrative coming out of the Federal Reserve.
Inflation at 6.2% means that if we keep it steady for 10 years, your $100,000 will become $54,800 by then. Compounding is a powerful force. Satoshi is having somewhere right now. #Bitcoin pic.twitter.com/THtshLF1Y0
As a result of the high print, traditional financial markets took a hit on November 10 as concerns about runaway inflation and the loss of purchasing power weighed heavily on the minds of investors and major indicies pulled
Read more on cointelegraph.comAbout this in other media
Less cash to splash: despite the spin, there’s nothing transient about inflation theguardian.com /2 years ago
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El Salvador's dollar debt dives on Bitcoin bond plans cointelegraph.com /2 years ago
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