Shocking inflation data and low consumer confidence... What impact does it have on Bitcoin?

According to Odaily, the U.S. economic data for May came in higher than expected on inflation and weaker on consumer confidence:

Annual inflation rate:

7.3% (higher than the expected 6.5% and the previous reading of 6.5%)

Inflation expectations for 5-10 years:

4.6% (higher than the expected 4.4%)

Consumer Confidence Index (University of Michigan):

50.8 points (lower than the expected 53.4 and the previous point of 52.2)

What do these numbers signify?

High inflation means that price pressures are ongoing, which could keep the U.S. Federal Reserve hawkish.

A decline in consumer confidence reflects market concerns and the possibility of reduced spending, which could impact economic growth.

What is the impact on crypto?

Continued inflation may enhance investors' appetite for alternative assets like Bitcoin as a store of value.

But on the flip side, potential tightening of monetary policy could restrict liquidity and negatively affect high-risk assets.

My opinion in short:

The market is at a crossroads... and Bitcoin could be the beneficiary if investors lose confidence in traditional financial system instruments.

And you... do you see high inflation benefiting Bitcoin in the long term?