Post
Topic
Board Bitcoin Discussion
Re: BTC dumps on high inflation report..
by
DeathAngel
on 14/09/2022, 08:15:21 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 think we’re still so early that this shouldn’t be a surprise. We will decouple, it’s just a matter of when. Admittedly though it’s very frustrating. When bitcoin matures as an asset this kind of sell off reaction will stop. Bitcoin is still a massive inflation hedge. Add up annual inflation since 2009 & then look at how much bitcoin has increased % wise.