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Analysts say Bitcoin reacted to inflation before the Fed woke up
Bitcoin may be volatile, but according to Imran Lakha, founder of Options Insight, it saw the inflation wave coming long before it showed up in CPI data. “In 2021's rally, Bitcoin essentially said they are printing like there's no tomorrow, and so it basically priced in the inflation early,” Lakha said on a Deribit’s podcast. “And then when we finally got the inflation… there was so much political pressure from Biden to get the Fed to hike rates. That was kind of the trigger for that crazy hiking cycle.” When the Fed started tightening faster than ever, Bitcoin sold off. Lakha explained, “We're going ... (full story)
