{"id":433481,"date":"2020-08-05T16:00:59","date_gmt":"2020-08-05T16:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=433481"},"modified":"2024-06-11T14:06:06","modified_gmt":"2024-06-11T14:06:06","slug":"bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/","title":{"rendered":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst"},"content":{"rendered":"

Bitcoin\u2019s status as a hard asset is growing clearer by the day. It has even resulted in the cryptocurrency forming a striking correlation to gold, silver, and other traditional \u201csafe havens.\u201d<\/p>\n

One byproduct of this has been a degrading correlation to the stock market, which may ultimately bode incredibly well for the benchmark cryptocurrency \u2013 despite the equity market’s current strength.<\/p>\n

While speaking about these shifting BTC<\/a> correlations, one analyst explained that this is a highly bullish trend that is likely to provide its price with a boost in the days, weeks, and even months ahead.<\/p>\n

This also comes as gold\u2019s price rallies past $2,000 per ounce \u2013 marking a fresh all-time high for the yellow metal.<\/p>\n

From a technical perspective, analysts are also noting that the cryptocurrency appears to be incredibly strong.<\/p>\n

This means that it may just be a matter of time before Bitcoin revisits its all-time highs of $20,000.<\/p>\n

Bitcoin Shows Signs of Strength as It Builds a Correlation to Gold<\/strong><\/h2>\n

At the time of writing, Bitcoin<\/a> is trading up over 3% at its current price of $11,600.<\/p>\n

The cryptocurrency has been caught within a clear uptrend throughout the past couple of weeks that has led it up to its current price levels from lows of $9,000.<\/p>\n

The climb from these lows has been slow and steady and is far from the types of uptrends that allowed the crypto to post gains in late-2017 and mid-2019.<\/p>\n

This does indicate that this growth is more organic and sustainable than that seen previously, and may mark BTC\u2019s attempt to build a solid foundation for its next parabolic movement.<\/p>\n

One factor that may also bolster Bitcoin\u2019s next big move higher is its growing status as a \u201chard asset.\u201d<\/p>\n

While speaking about this, one analyst explained<\/a>\u00a0that the cryptocurrency has been forming a heightened correlation to gold in recent weeks as its connection to the stock market degrades.<\/p>\n

\u201cRecent movements in Bitcoin correlations show that investors are perceiving BTC as an inflation hedge which is a highly positive development. It is no longer simply performing as a risk asset. Blue = BTC\/GLD correlation coefficient. Red = BTC\/SPY correlation coefficient,\u201d he said.<\/p><\/blockquote>\n

\"Bitcoin\"<\/p>\n

Image Courtesy of Lucid.<\/pre>\n
BTC\u2019s Technical Outlook Grows Brighter as Connection to Gold Builds<\/strong>\u00a0<\/strong><\/h2>\n
Because gold is currently one of the best-performing assets, Bitcoin\u2019s mounting correlation to it is likely to provide it with an upwards tailwind.<\/p>\n
From a technical perspective, analysts expect BTC to see some further near-term upside. One analyst explained<\/a> that although he anticipates a brief retrace, a movement to fresh yearly highs of $12,500 is imminent.<\/p>\n
\u201cBTC – Funding reset back to 0, Likely to retrace at 0.65, but base looks solid. Longing retrace\/flip to $12,5k,\u201d he said.<\/p><\/blockquote>\n
\"\"<\/p>\n
Image Courtesy of Mac. Chart via TradingView.<\/a><\/pre>\n
How Bitcoin trends in the coming weeks should offer greater clarity into just how bullish<\/a> its growing connection to gold will be for its price.<\/p>\n
Featured image from Unsplash.\r\nCharts from TradingView.<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin\u2019s status as a hard asset is growing clearer by the day. It has even resulted in the cryptocurrency forming a striking correlation to gold, silver, and other traditional \u201csafe havens.\u201d One byproduct of this has been a degrading correlation to the stock market, which may ultimately bode incredibly well for the benchmark cryptocurrency \u2013 despite the equity market’s current strength. While speaking about these shifting BTC correlations, one analyst explained that this is a highly bullish trend that is likely to provide its price with a boost in the days, weeks, and even months ahead. This also comes as gold\u2019s price rallies past $2,000 per ounce \u2013 marking a fresh all-time high for the yellow metal. From a technical perspective, analysts are also noting that the cryptocurrency appears to be incredibly strong. This means that it may just be a matter of time before Bitcoin revisits its all-time highs of $20,000. Bitcoin Shows Signs of Strength as It Builds a Correlation to Gold At the time of writing, Bitcoin is trading up over 3% at its current price of $11,600. The cryptocurrency has been caught within a clear uptrend throughout the past couple of weeks that has led it up to its current price levels from lows of $9,000. The climb from these lows has been slow and steady and is far from the types of uptrends that allowed the crypto to post gains in late-2017 and mid-2019. This does indicate that this growth is more organic and sustainable than that seen previously, and may mark BTC\u2019s attempt to build a solid foundation for its next parabolic movement. One factor that may also bolster Bitcoin\u2019s next big move higher is its growing status as a \u201chard asset.\u201d While speaking about this, one analyst explained\u00a0that the cryptocurrency has been forming a heightened correlation to gold in recent weeks as its connection to the stock market degrades. \u201cRecent movements in Bitcoin correlations show that investors are perceiving BTC as an inflation hedge which is a highly positive development. It is no longer simply performing as a risk asset. Blue = BTC\/GLD correlation coefficient. Red = BTC\/SPY correlation coefficient,\u201d he said. Image Courtesy of Lucid. BTC\u2019s Technical Outlook Grows Brighter as Connection to Gold Builds\u00a0 Because gold is currently one of the best-performing assets, Bitcoin\u2019s mounting correlation to it is likely to provide it with an upwards tailwind. From a technical perspective, analysts expect BTC to see some further near-term upside. One analyst explained that although he anticipates a brief retrace, a movement to fresh yearly highs of $12,500 is imminent. \u201cBTC – Funding reset back to 0, Likely to retrace at 0.65, but base looks solid. Longing retrace\/flip to $12,5k,\u201d he said. Image Courtesy of Mac. Chart via TradingView. How Bitcoin trends in the coming weeks should offer greater clarity into just how bullish its growing connection to gold will be for its price. Featured image from Unsplash. Charts from TradingView.<\/p>\n","protected":false},"author":499,"featured_media":433484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[1144,78790,76835],"class_list":["post-433481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst<\/title>\n<meta name=\"description\" content=\"One analyst explained that Bitcoin correlation to gold is a highly bullish trend that is likely to provide its price with a boost in the months ahead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst\" \/>\n<meta property=\"og:description\" content=\"One analyst explained that Bitcoin correlation to gold is a highly bullish trend that is likely to provide its price with a boost in the months ahead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-05T16:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:06:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1855\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cole Petersen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Petersen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\"},\"author\":{\"name\":\"Cole Petersen\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87\"},\"headline\":\"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst\",\"datePublished\":\"2020-08-05T16:00:59+00:00\",\"dateModified\":\"2024-06-11T14:06:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\"},\"wordCount\":485,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855\",\"keywords\":[\"btcusd\",\"BTCUSDT\",\"xbtusd\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Technical analysis\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\",\"name\":\"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855\",\"datePublished\":\"2020-08-05T16:00:59+00:00\",\"dateModified\":\"2024-06-11T14:06:06+00:00\",\"description\":\"One analyst explained that Bitcoin correlation to gold is a highly bullish trend that is likely to provide its price with a boost in the months ahead.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855\",\"width\":2560,\"height\":1855,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87\",\"name\":\"Cole Petersen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g\",\"caption\":\"Cole Petersen\"},\"description\":\"Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.\",\"url\":\"https:\/\/wncen.com\/author\/colecpetersen\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst","description":"One analyst explained that Bitcoin correlation to gold is a highly bullish trend that is likely to provide its price with a boost in the months ahead.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst","og_description":"One analyst explained that Bitcoin correlation to gold is a highly bullish trend that is likely to provide its price with a boost in the months ahead.","og_url":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-08-05T16:00:59+00:00","article_modified_time":"2024-06-11T14:06:06+00:00","og_image":[{"width":2560,"height":1855,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855","type":"image\/jpeg"}],"author":"Cole Petersen","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Cole Petersen","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/"},"author":{"name":"Cole Petersen","@id":"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87"},"headline":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst","datePublished":"2020-08-05T16:00:59+00:00","dateModified":"2024-06-11T14:06:06+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/"},"wordCount":485,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855","keywords":["btcusd","BTCUSDT","xbtusd"],"articleSection":["Bitcoin","Cryptocurrency Market News","Technical analysis"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/","url":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/","name":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855","datePublished":"2020-08-05T16:00:59+00:00","dateModified":"2024-06-11T14:06:06+00:00","description":"One analyst explained that Bitcoin correlation to gold is a highly bullish trend that is likely to provide its price with a boost in the months ahead.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855","width":2560,"height":1855,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87","name":"Cole Petersen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g","caption":"Cole Petersen"},"description":"Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.","url":"https:\/\/wncen.com\/author\/colecpetersen\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin is Becoming an Inflation Hedge, and It\u2019s Driving BTC Higher; Claims Analyst","url":"http:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Cole Petersen"}],"creator":["Cole Petersen"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","btcusdt","xbtusd"],"dateCreated":"2020-08-05T16:00:59Z","datePublished":"2020-08-05T16:00:59Z","dateModified":"2024-06-11T14:06:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin is Becoming an Inflation Hedge, and It\\u2019s Driving BTC Higher; Claims Analyst\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-is-becoming-an-inflation-hedge-and-its-driving-btc-higher-claims-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Cole Petersen\"}],\"creator\":[\"Cole Petersen\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-08-05T16:00:59Z\",\"datePublished\":\"2020-08-05T16:00:59Z\",\"dateModified\":\"2024-06-11T14:06:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/andreas-weiland-TMpqNhMunQY-unsplash-scaled.jpg?fit=2560%2C1855","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/433481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/499"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=433481"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/433481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/433484"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=433481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=433481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=433481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}