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.