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Why June’s Consumer Price Index Could Be Good News for Bitcoin | Blockchained.news Crypto News LIVE Media



A key U.S. inflation report released Tuesday indicates consumer prices increased 5.4% in June from a year earlier at its biggest monthly gain since August 2008. "The Hash" hosts discuss bitcoin as a potential hedge against inflation. "If there's an expectation that in response to rising inflation, interest rates might go up sooner than expected, that's a good bet on bitcoin," host David Morris said.

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