Friday, November 22, 2024
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Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

Bitcoin’s price has nearly doubled in the past eight weeks, as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value of their cash holdings.Hedging demand for the cryptocurrency may now be set to rise further, with expectations for long-term inflation reaching 19-month

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