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Seeking Alpha 2021-07-21 01:13:44

Inflation Pops, Bitcoin Goes Boom

BTC-USD valuations are heading lower and moving in-line with our prior expectations.Several macroeconomics factors have coalesced at the same time and this activity has created an environment that is highly unfavorable for cryptocurrencies.Unfortunately, these declines show that BTC-USD is trading like a high-growth risky asset, rather a safe-haven inflation hedge - and this makes its future valuation prospects incredibly uncertain.

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