Famous on-chain analyst Charles Edwards implied that US inflation has reached its peak and that crypto money markets, especially Bitcoin (BTC), may be on the rise in the near future.
Charles Edwards on 14 December from his official social media account in a post sharedIn addition, US inflation peaked money supply again after a long time switched to negative He stated that he expects a return for Bitcoin.
Following the top 500 companies of the USA S&P500 Sharing the index, Edwards, S&P 500 between the M2 money supply and the general venture capital markets. correlation drew attention.
On the other hand, in response to Edwards, one user said that Powell used the economy to protect investors and maintain price stability. that they can keep it cold for a while He reminded me of his warning.
Inflation data for November is below expectations 7.1% Capital markets have generally been more positive took on an air. Bitcoin started to rise after the release of inflation data on December 14, after a long time. 18,000 saw the dollar level again.
Bitcoin, at the time of writing, according to Coinecko data 17,707 traded in dollars.
