Inflation is dipping not Bitcoin

Inflation is dipping not Bitcoin

News circulating mainstream media is once again misleading the market in an attempt to maintain the narrative that "Bitcoin is dead". Unfortunately for them, their continued attacks on a decentralised financial system continues to fail no matter what governments, media and all else throws at it.

To the untrained eye a dip in the market could be misread for some kind of a down turn in the trading of Bitcoin, but as we dig deeper into the broader economic situation the picture we see is a far stronger case for the worlds #1 digital currency.

This on top of the past 24 hour trading volume being 45 Billion which is showing no signs of slowing down, the sector continues to grow despite regulatory uncertainty. Let's take a look at what is really happening?

Inflation finally starting to ease

During the COVID pandemic many Governments attempted to ensure people would remain compliant with COVID orders and not go without food by printing loads of cash. Some nations did it right others did it wrong and in the end all of it ended up causing one of our worst economic crisis's on record.

Far greater than what our parents and grand parents say about "back in their day". The increased printing of money greatly increased inflation reducing the value of the dollar and it was Bitcoin's first real test. While 2021 saw the digital asset dramatically increase in value, multiple market failures saw it lose it's value.... No thanks to Do Kwon.

Now that US inflation is showing signs of stability Bitcoin and Ethereum begin to surge in value as the entire sector benefits from the price increases.

Inflation has slowed in April to 4.9% which is far better than expected and with CPI now looking a lot better we will start to see those benefits expand to mainstream markets like stocks.

Lately you may have even noticed that your grocery shopping is starting to become a little more affordable with buying power starting to return to a bit more stable level.

So if you're looking for an entry point to the worlds greatest digital asset investors should do their research and calculate the current inflation trajectory. Chances are that if inflation continues to reduce the benefits on the broader markets will be significant and market confidence will return.

image sources provided supplemented by Canva Pro. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.