List of Flash News about BTC as safe haven
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10:30 |
Bitcoin Price Surge: $1.1 Billion for Two Pizzas Highlights Dollar Devaluation and Crypto Inflation Hedge
According to @BitcoinMagazine, the famous two-pizza transaction from 2010, originally priced at 10,000 BTC, now equates to approximately $1,107,040,000 given Bitcoin's current market price. This dramatic increase highlights Bitcoin's significant appreciation against the US dollar and reinforces the narrative of Bitcoin as a hedge against fiat currency devaluation. The comparison to Zimbabwe's hyperinflation illustrates concerns about the long-term stability of fiat currencies. For traders, this underscores the potential for continued inflows into Bitcoin as investors seek protection from currency depreciation, making BTC an attractive asset in portfolios amid global inflationary pressures (source: @BitcoinMagazine). |