{"id":10366,"date":"2021-09-20T22:05:15","date_gmt":"2021-09-20T21:05:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10366"},"modified":"2021-09-20T22:05:20","modified_gmt":"2021-09-20T21:05:20","slug":"bitcoin-does-not-appear-to-be-an-inflation-hedge-at-this-time-according-to-chainalysis","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-does-not-appear-to-be-an-inflation-hedge-at-this-time-according-to-chainalysis\/","title":{"rendered":"Bitcoin does not appear to be an inflation hedge at this time, According to Chainalysis"},"content":{"rendered":"\n
Many investors, despite the lack of a statistically significant association between inflation and Bitcoin<\/a> values, continue to view the asset in this manner.<\/h5>\n\n\n\n
\"\"<\/figure>\n\n\n\n

According to data from the blockchain analytics firm Chainalysis\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Bitcoin (BTC) may not be the inflation hedge that many people perceive it to be at this time.<\/p>\n\n\n\n

According to Chainalysis<\/a>‘ head of research, Kim Grauer, when asked about current inflation in the United States and its impact on Bitcoin. <\/p>\n\n\n\n

She responded, “Right now, we can't show a statistically significant correlation between inflation in the US and Bitcoin prices, but we know anecdotally that many people invest in Bitcoin <\/a>as a hedge against inflation,” according to Cointelegraph on August 31.<\/p>\n\n\n\n

Recently, the topic of inflation in the United States has been a popular one. As recently as June, studies indicated that inflation in the United States had reached levels not seen for more than a decade.<\/p>\n\n\n\n

While the United States has seen high inflation, many other countries have witnessed substantially higher inflation than we have seen here. 2019 saw a 10,000,000 percent increase in inflation in Venezuela, for instance. During the same period, interest in digital assets surged.<\/p>\n\n\n\n

\u201cWe also know that people in other countries, such as Venezuela and Nigeria<\/a>, who are experiencing more severe currency inflation or devaluation, use cryptocurrencies as a store of value,\u201d Grauer continued.<\/p>\n\n\n\n

Despite the fact that theoretically, occurrences such as the price fall earlier in 2021 throw that narrative into question, Bitcoin <\/a>is frequently characterized as a store of value asset in the crypto business.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many investors, despite the lack of a statistically significant association between inflation and Bitcoin values, continue to view the asset in this manner. According to data from the blockchain analytics firm Chainalysis , Bitcoin (BTC) may not be the inflation hedge that many people perceive it to be at this time. According to Chainalysis‘ head […]<\/p>\n","protected":false},"author":13,"featured_media":10367,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,4092,1305],"class_list":["post-10366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-chainalysis","tag-united-states"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-192.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10366"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10367"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}