As the U.S. inflation data dropped, individuals in the crypto space shared their quotes, jokes and excitement while raising the Bitcoin banner.
The recent news on U.S. dollar inflation spurred a series of reactions from the crypto community, noting that the event should push people toward Bitcoin (BTC). Comments from the crypto community championed Bitcoin as a powerful hedge against U.S. dollar inflation.The US Bureau of Labor Statistics recently reported a 7.5 percent increase in the all items section of the consumer price index (CPI), the most commonly used indicator for inflation. Following this, Digifox Founder Nicholas Merten explained that the dollar might be worth half its current value in the coming years at the current rate of inflation.Annual Inflation Hits 7.5%, and that’s JUST what the FED is telling us. If this continues:Now: $1,000 today will be worthYear 1: $925Year 2: $856Year 3: $791Year 4: $732Year 5: $67

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