Despite what people claim on this sub, inflation is BAD NEWS for crypto.

It's no secret inflation is running rampant across the globe.

As a means to curb inflation, banks are looking at raising their interest rates to suppress demand.

Unfortunately, rising interest rates across the globe means people with debt have bigger repayments and less free cash to splash, and it also makes people think twice before borrowing more money to spend on purchases. That's how it reduces demand.

With less cash to splash, it means people will be taking money out of discretionary investments like crypto first. Inflation is predicted to increase in the coming years which means we are very unlikely to see the next bull run in crypto for quite some time.

Despite what people say on this sub, this is the basic science of inflation and something you should ignore at your peril.

So long as inflation is running rampant, crypto will suffer. This could already be priced in and may be why we are seeing days of red. The golden question is - for how long?