What are the potential implications of changes in the US CPI for digital assets?

1 answers

• Jan 14, 2022 · 3 years ago
  At BYDFi, we closely monitor the potential implications of changes in the US CPI for digital assets. Inflationary pressures can drive investors to seek alternative assets, and digital assets like Bitcoin and Ethereum have emerged as potential hedges against inflation. As the US CPI rises, it can signal a weakening purchasing power of the US dollar, which may lead investors to allocate a portion of their portfolio to digital assets. However, it's important to note that digital assets are highly volatile and subject to market risks. Investors should conduct thorough research and consider their risk tolerance before investing in digital assets.
  649325