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U.S. Fed set to ramp up inflation

The Fed agreed to a policy allowing inflation to run between 2.25% and 2.5% annually, causing a number of companies to move reserves into cryptocurrency as a hedge against the new policy.

Citing faltering confidence in the US Dollar, Gemini Exchange co-founder Tyler Winklevoss made the case for a 500 thousand dollar bitcoin, describing the cryptocurrency as “the only long term protection against inflation”.

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