Post
Topic
Board Economics
Re: The US CPI has strong influence on Bitcoin (a reason for the current rise)
by
Jaksjol675
on 20/08/2022, 21:05:35 UTC
The rising inflation of the U.S. dollar. While inflation is on average 2% each year, recent stimulus spending is poised to greatly increase the level of inflation and decrease the dollar's purchasing power.

With the recent stimulus packages, the United States has added around $2.4 trillion to the economy. This has many worrying about the inevitable decrease in the dollar's purchasing power and the rise in inflation.

Money Supply
https://fred.stlouisfed.org/series/M1.