Last time:BTCThe Dec. 27th, 2021 date when ) was traded over $50,000 was a good day. Although four months have passed since that date, traders remain optimistic about the possibility of cryptocurrency adoption due to inflation reaching the required threshold.

The 8.5% inflation rate in the United States would mean that prices rise by 50% every five years. This essentially turns $100 into $66 by slashing 33% of the dollar’s purchasing power.