Soaring Inflation Could Dampen Crypto Purchases, Analysts Say

The last time prices moved this fast, Ronald Reagan was president, gasoline cost about $1.353 a gallon and there was no such thing as bitcoin.

But tempus fugit and, as cryptocurrencies becomes a factor in many people’s finances, the sector has had to contend with inflation, which surged to a fresh 40-year high last month, according to data from the Bureau of Labor Statistics.

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