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Surging Gasoline Prices and Bitcoin's Potential as an Inflation Hedge

The Motley Fool +1 ·

  1. 1As of October 19, gasoline prices reached $4.30 per gallon, representing a 41% increase compared to one year ago.
  2. 2The BLS Consumer Price Index (CPI) rose 3.7% for the 12 months through September, while the BLS energy cost rose 20.4% for the 12 months through September.
  3. 3Bitcoin rose 23% over the past 3 months but fell 24% over the past 12 months, meaning its effectiveness as an inflation hedge varies depending on conditions.

So what's the key point?

Gasoline prices have risen significantly by 41% compared to a year ago. Whether Bitcoin serves as a shield against rising prices depends on the situation.

Source The Motley Fool +1 · View original ↗

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