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A Dose of 'Hopium' for Bitcoin Bulls From 1970s

U.S. inflation has slowed in a move analogous to the late 1974 CPI peak that presaged a rebound in the S&P 500, a benchmark for risky assets. Some observers, however, see limited upside for bitcoin.

Slowing inflation in the 1970s sheds a light on market patterns today. (705847/Pixabay)
Slowing inflation in the 1970s sheds a light on market patterns today. (705847/Pixabay)