As US inflation reaches its greatest level in 30 years, Bitcoin breaks beyond $69,000.

As Bitcoin reaches a new all-time high and begins price discovery, US inflation has reached 6.3 percent.
As the Consumer Price Index climbs, analysts believe Bitcoin will reach its end-of-year objectives in the currency cycle.
Because Bitcoin is seen as an inflation hedge, an increase in inflation has an impact on capital rotation in the cryptocurrency.
As US inflation reaches 6.3 percent, Bitcoin enters price discovery. As institutional capital continues to flood into Bitcoin, the benchmark cryptocurrency has reached a new all-time high.

The price of bitcoin is expected to reach $100,000 by the end of 2021.

Bitcoin has recovered from a week-long decline below $60,000 to set a new all-time high earlier today. Experts have discovered a clear link between the price of Bitcoin and the rate of inflation in the United States.

Bitcoin entered price discovery when US inflation reached 6.3 percent, the highest level in 30 years. Experts view Bitcoin to be an inflation hedge; as a result, an increase in inflation will result in capital rotation in BTC, causing a price boom.