Matrixport: If inflation continues to decline, it is expected that the prices of gold and Bitcoin will continue to strengthen

Matrixport released a chart today showing that despite inflation being within controllable range, the market demand for hedging assets remains strong. Although Bitcoin is currently in a consolidation phase, this trend may still provide support for it. Data shows that the price of gold has broken through $2,912 per ounce, an increase of over 50% from when it broke through $2,000 last year; while the price of Bitcoin remains at around $97,438 level. Analysis points out that although the overall inflation rate has risen to 2.9%, Truflation data shows that actual inflation is closer to 2.0%. If inflation continues to decline, it is expected that gold and bitcoin prices will continue to strengthen.