The Case Against Bitcoin’s Inflation Narrative
Despite inflation being most commonly cited as the reason for Bitcoin’s price appreciation, there are other factors at play.What do Peter Schiff, gold bugs, the financial media and many bitcoiners have in common? It is the shared belief that "money printing" is to blame for many, if not all, of the increases in price that plague our economy. While it cannot be argued that prices are increasing in certain areas such as in housing, stocks, bonds and lumber (albeit temporarily), I believe the source of those price increases comes from a different place than what most people tend to....
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It might be hard to find a bullish narrative for Bitcoin currently. The inflation hedge has plummeted during the worst inflation in 40 years. It hasn’t acted as a safe haven during war, a pandemic, or anything else. In fact, given the recent price action, few would argue in the favor of cryptocurrency. But what […]
It may be that the most-cited narrative of bitcoin is simply one of many aspects in this global technological adoption.
Jeff Booth and Aaron Segal joined "Fed Watch" to discuss the pitfalls of the common inflation narrative purported by Bitcoiners.
A reading of a new piece on inflation from the Wall Street Journal that NLW argues shows a shifting mainstream narrative.
A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.