#CryptoCPIWatch Some cryptocurrencies were created either to counter inflation or have low, predictable inflation rates. Furthermore, although they are regularly praised as a hedge against inflation, the effectiveness of Bitcoin as a pure hedge has recently diminished due to changes in the economy.

How much have prices increased due to Bitcoin?

The site added that due to the large share of institutional investors, cryptocurrency has begun to increasingly follow market movements, indicating that when the market falls, Bitcoin is likely to replicate its movement. Thus, when there is news related to inflation, it is expected that the Federal Reserve will tighten the financial system and raise interest rates, resulting in a decrease in the value of all assets, including virtual currencies like Bitcoin

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