Michael Saylor: US Inflation is +9.1%, It’s Only a Matter of Time Before The World Discovers 1 BTC = 1 BTC.

Summary:

• Michael Saylor has pointed retired that the US dollar continues to summation worth arsenic yearly ostentation has deed 9.1%.
• He adds that different planetary currencies proceed to weaken against the USD, and it is lone a substance of clip earlier the satellite discovers that 1 Bitcoin volition ever beryllium adjacent to 1 Bitcoin.

MicroStrategy CEO and Bitcoin perma-bull Michael Saylor has pointed retired that the US dollar continues to summation worth against different planetary currencies contempt the complaint of ostentation being astatine the highest it has been successful 40 years astatine 9,1%.

Consequently, according to Mr. Saylor, it is lone a substance of clip earlier the satellite discovers that 1 bitcoin volition ever beryllium adjacent to 1 bitcoin, hinting that BTC is the champion hedge against inflation and weakening currencies. He explained:

Annual Inflation successful USD CPI is +9.1%, Other currencies proceed to weaken against the dollar: YoY USDAUD is +10%, USDGBP is +16%, USDEUR is +17%, USDJPY is +24%, USDTRY is +102%.

It is conscionable a substance of clip earlier the satellite discovers 1 BTC= 1 BTC.

Tackling Inflation is My Top Priority – President Biden.

As earlier mentioned, the yearly ostentation has deed a caller 40-year precocious of 9.1%. As soon arsenic the CPI information was announced, President Biden released a connection pointing retired that ostentation is ‘unacceptably high.’ He besides added that helium was consenting to tackle inflation. He said:

Tackling ostentation is my apical precedence – we request to marque much progress, much quickly, successful getting terms increases nether control. Here is what I volition do:

First, I volition proceed to bash everything I tin to bring down the terms of gas…

Second, I volition impulse Congress to act, this month, connected authorities to trim the outgo of mundane expenses that are hitting American families, from medicine drugs to inferior bills to wellness security premiums and to marque much successful America.

Third, I volition proceed to reason immoderate efforts by Republicans – arsenic they person projected during this run twelvemonth — to marque things worse by raising taxes connected moving people, oregon putting Social Security and Medicare connected the chopping artifact each 5 years.

Finally, I volition proceed to springiness the Federal Reserve the country it needs to assistance it combat inflation.

Bitcoin Holds $19k connected President Biden’s Remarks.

President Biden acknowledging ostentation and promising to tackle it could beryllium the main crushed the accepted and crypto markets person not dumped arsenic expected owed to a record-high 9.1% yearly inflation.

At the clip of writing, Bitcoin is trading astatine $19.8k aft a little dip to $18,910 owed to the precocious CPI data. From the regular BTC/USDT illustration below, it tin beryllium observed that Bitcoin continues to commercialized successful carnivore territory beneath the 200-week moving mean (red), 50-day MA (white), 100-day MA (yellow), and 200-day MA (green).

However, the connection by President Biden could supply the assurance required for Bitcoin to reclaim astatine slightest the 200-week moving mean astatine the $22,500 terms country successful the days oregon weeks ahead. This forecast is besides wholly tied to the accepted markets experiencing a betterment of their ain owed to President Biden’s committedness to warring inflation.