As US inflation reaches its greatest level in 30 years, Bitcoin breaks beyond $69,000.
2 min readNov 10, 2021
As Bitcoin reaches a new all-time high and begins price discovery, US inflation has reached 6.3 percent.
As the Consumer Price Index climbs, analysts believe Bitcoin will reach its end-of-year objectives in the currency cycle.
Because Bitcoin is seen as an inflation hedge, an increase in inflation has an impact on capital rotation in the…