New US inflation data triggers Bitcoin community reactions By Cointelegraph

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 (BTC). Comments from the crypto community championed Bitcoin as a powerful hedge against U.S. dollar inflation.

The U.S. Bureau of Labor Statistics recently reported a 7.5% 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.