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US inflation hits 5% for first time since 2008 – the reason Satoshi created BTC.

US inflation hits 5% for first time since 2008 – the reason Satoshi created BTC.



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11 Comments

  1. The top 2.4% of Bitcoin wallets own 95% of Bitcoins. We can stop pretending it’s a savior for the masses.

    Bitcoin is not even a hedge against inflation unless it happens to replace fiat, which, imo, is a fantasy.

  2. tldr; US consumer prices rose at their fastest pace since the global financial crisis last month amid heightened concern over inflation as the country’s recovery gathers pace. The headline US consumer price index exceeded expectations, ascending by 5% on an annual basis, a rate of growth not seen since August 2008. Policymakers continue to insist that inflation’s ascent will be transitory as Covid-19 restrictions are loosened.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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