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23 June 2021

U.S. Inflation Hits Highest Rate Since 2008, Outlining Case For Bitcoin

U.S. Inflation Hits Highest Rate Since 2008, Outlining Case For Bitcoin


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hitting its highest mark since the 2008 financial crisis, Bitcoin is serving as a critical lifeline.

The consumer price index (CPI), a measure of the price of consumer goods and services, increased by an annual rate of 5% last month, hitting its highest mark since August 2008, according to the U.S.

As money printing and federal economic stimulus measures continue in the wake of the COVID-19 pandemic, this measure indicates that USD inflation is at its highest mark since the Great Recession, leading to palpable concern from investors.

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