Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Bitcoin sees volatility as inflation hits 40 year high

written by

inflation hits 40 year high

Support free journalists: > send a tip

Bitcoin(BTC) traded down to $38,600 on today’s CPI print.

Inflation, measured by CPI, came in at 7.9% last month, an increase of 0.4% from January. 

Inflation is currently running at its highest level since 1980. It’s a structural issue in our economy, but it’s been exacerbated by COVID and the recent conflict in Ukraine. 

Inflation isn’t just a US phenomenon, though. The world is seeing high inflation across many jurisdictions. The inflation rate in Turkey is 54.4%, the highest of the G20 nations, followed by Argentina(50.7%), Brazil(10.4%), and Russia(9.2%).

The European Central Bank(ECB) also just raised its 2022 inflation expectations from 3.2% to 5.1%.

These numbers are astronomical. However, if we measure CPI now in the same way that we measured it in 1980, the number is actually well into the double digits.

Bitcoin(BTC), widely accepted as an inflation hedge, is seeing increased volatility in this inflationary environment. It traded up to $42,000 yesterday before dumping back down to $38,000. Here’s the daily chart:

Bitcoiners have been sounding the ‘inflation’ alarm for years now and the data is beginning to validate those claims, month by month. 

However, it seems that central banks around the world now find themselves between a rock and a hard place. The last time inflation was this high in the U.S, the effective federal funds rate(determined by the Federal Reserve) was higher than 20%. 

Now, with inflation just as high, the effective federal funds rate sits at 0.08%.

On March 15th and 16th, the Fed will convene to discuss monetary policy going forward. They were expected to hike rates, but in an economy on the brink of collapse, any monetary tightening could send the world into a recession. However, if they choose to keep rates low, inflation will continue to ravage the average citizen. On top of this, we are rapidly approaching the U.S mid-term elections in November. 

Will the Fed tighten into the midterms to ease inflation expectations and risk a recession, or will they allow inflation to keep running hot? 

Let us know what you think in the comments below, or on Twitter.

Did you enjoy this article? Participate in the value-for-value revolution by tipping the author directly!

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter