Matrixport: If inflation continues to decline, gold and Bitcoin prices are expected to continue to strengthen
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According to Golden Finance, Matrixport released today's chart showing that although inflation is in a controllable range, the market demand for safe-haven assets remains strong. Although Bitcoin is in a consolidation phase recently, this trend may still provide support for it.
Data shows that gold prices have exceeded $2,912 per ounce, up more than 50% from last year when they broke through $2,000; Bitcoin prices remained at $97,438. Analysis pointed out that although the overall inflation rate rebounded to 2.9%, Truflation data shows that the actual inflation level is closer to 2.0%. If inflation continues to decline, gold and Bitcoin prices are expected to continue to strengthen.