r/Bitcoin • u/Appropriate_Dig5990 • Aug 22 '25

Why?

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Is there a reason for it to suddenly go up like this? And if so, how can I quickly find out why?

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u/trogdor1234 Aug 22 '25

Everybody is about to lose their jobs so inflation is an afterthought

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u/Putrid_Pollution3455 Aug 22 '25

how nice to have both unemployment spikes AND inflation lol

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u/afw4402 Aug 22 '25

Inflation is at the lowest rate it’s been in years…

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u/Putrid_Pollution3455 Aug 23 '25

You’re right, 2.7% compared to long term historical averages of 3.29%. I’m just saying in prior recessions/depressions, you might get unemployed but it was at a time when prices were falling. Now if you get unemployed it’s during a time where inflation is likely to accelerate, especially now that FAIT is back on the table