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SpawnyXBT
Nov 18, 2021 12:46 PM

Bitcoin - The inflation MEME 

Bitcoin / United States DollarCoinbase

Description

While inflation was announced at the rate of 6.9% next day #Bitcoin starts to drop down to 15%.

Did you hedged that day against inflation?

Trade closed manually

Comment

Holiday is coming so I am TPing here.
Comments
RoxVen89
Inflation caused iterest rates growth pressure. BTC last few months bull run is driven by credit not savings. If markets knows that FED will rise rates, BTC has to fall.
ypearson
maybe the inflation premium is already priced into Bitcoin
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