robert_15_qNov 23, 2021 · 3 years ago5 answersHow does the inflation rate affect the demand for Bitcoin?
Inflation rate refers to the rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling. How does this economic factor impact the demand for Bitcoin, a decentralized digital currency? What are the reasons behind the potential correlation between inflation and Bitcoin demand? How does the perception of Bitcoin as a hedge against inflation influence its demand in the market? How do investors and traders react to changes in the inflation rate when it comes to Bitcoin? How does the inflation rate affect the overall sentiment and adoption of Bitcoin?
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