Truflation, a real-time data provider for inflation indexes, presented a correlation between its real-time inflation data and bitcoin’s price movements. The company stated that every time its disinflation trend pauses or reverses, bitcoin tends to rally shortly after. Truflation, which classifies bitcoin as a risk asset, believes that these instances when inflation is relatively stable between changes become a “sweet spot” for bitcoin. “ Bitcoin appears to be reacting to that early signal, even before CPI data or the Federal Reserve catches up,” Truflation assessed, putting inflation trend changes as leading indicators before a risk asset market bull run.
Truflation: Inflation Movements Predict Upcoming Bitcoin Rally
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
