Bitcoin: Maybe It Is An Inflation Hedge After All

Oct. 14, 2022 6:21 PM ETBitcoin USD (BTC-USD)61 Comments


  • The September CPI print was hotter than what the market expected. Despite the elevated reading, Bitcoin rallied anyway.
  • Bitcoin's price trend over the last month has been far more similar to Gold than to equities.
  • I believe the Fed will pivot from hiking rates and potentially even start buying US debt again sooner than most.
  • Bitcoin will account for it.
  • This idea was discussed in more depth with members of my private investing community, BlockChain Reaction. Learn More »
Bitcoin Bubble: Benjamin Franklin blowing bubblegum, Ideas for US bitcoin market bubble

Tast Nawarat

Yesterday, the BLS released the latest consumer price inflation readings and it wasn't pretty. Headline CPI came in at 8.2% year over year with core CPI at 6.6%. Each of these figures exceeded expectations. This is concerning because the Federal Reserve has been hiking interest

Bear market. Crypto Winter. Whatever the label; Bitcoin has struggled in a macro environment of interest rate hikes and balance sheet tightening. Despite those struggles, a balanced approach to crypto can work right now. An equal weighted allocation to my Top Token Ideas in BlockChain Reaction is beating a dollar cost averaged Bitcoin position. And the early reviews are strong:Join to get:

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This article was written by

Mike Fay profile picture
Decoding digital assets and cryptocurrency research for serious investors.

5 years as a media research analyst. Mainly covering crypto, metal, and media equities. Operator of Heretic Speculator newsletter where I share additional thoughts on finance with more of a social backdrop.

Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I'm not an investment advisor. I share what I do and why I do it for informational purposes.

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