Post
Topic
Board Bitcoin Discussion
Re: BTC dumps on high inflation report..
by
G_Besar
on 14/09/2022, 01:57:35 UTC
Important report comes out that inflation is pretty bad (USD)..

Bitcoin dumps off a cliff..

This is the exact opposite of what Bitcoin is supposed to do..

Has Bitcoin strayed too far from its purpose?
I don't think anyone strays too far from Bitcoin. Because Inflation is a decrease in purchasing power in all sectors of the economy and also the market. So what is happening to Bitcoin at this time is a natural thing and is not deviant because people are not able to make purchases gradually when inflation occurs.

Bitcoin crashes are a common occurrence, but if it is accompanied by inflation, then it is very visible as if Bitcoin is not doing what it should be doing. Though it is a natural thing and also very simple to interpret at this time.