BlockBeats stated that U.S.CPI inflation has remained 67 months above the Federal Reserve's 2%target, and that during the same period,USD purchasing power declined 22.5%。
BlockBeats says that the U.S. 30-year Treasury yield rose to a 2002-year high and believes that pressure from high interest rates and the inflation-hedging rationale are having opposite effects on BTC.
BlockBeats, citing Forbes, reported that global debt increased by 10000000000000 USD in the first half of the year and exceeded 365000000000000 USD; the report also discussed the relationship between Bitcoin’s recent rise and declining fiat currency purchasing power.