Why is record-high inflation not bullish on bitcoin and other cryptocurrencies which are often hailed as 'the ultimate inflation hedges?' GSR_io's bosc_benoit explains the two trends he's seeing. Presented by kucoincom:
GSR Markets’ Benoit Bosc discusses the current state of the crypto markets as the U.S. Consumer Price Index rose to 8.5%, hitting a new 40-year high.
Meanwhile, bitcoin and other digital assets are trading down. Bosc explains the growing correlation between digital assets like BTC and ETH to macro trends as the Fed prepares to use quantitative tightening to ease soaring inflation.
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