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November 11, 2021

U.S. Inflation Hit 30-Year High in October

The Wall Street Journal yesterday said that U.S. inflation just hit a 30-year high in October as consumer prices jumped 6.2%. This appears to be a perfect storm for Bitcoin adoption, as its scarcity and network effects continue to drive people into the asset. Bitcoin's narrative as digital gold is finally being taken seriously by institutions, and Bitcoin believers are benefitting as prices rise.

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