Research Weekly - Inflation and the Turkey Investment Thesis

Inflation Perplexes Bitcoin, Prognosticators AlikeThe Bureau of Labor Statistics released the October CPI numbers on Wednesday, revealing a surprising decrease in inflation that exceeded economists' expectations. Since inflation reached its peak in 2022, we have entered a "disinflationary" era - a period characterized by a gradual decrease in inflation. Other alternative or private market inflationary measures, such as PriceStats (formerly known as the Billion Prices Project), also exist. It is not logical to always consider bitcoin as the solution for every economic condition – tantamount to the “turkey turkey turkey” response to the investment question at hand. What is even more fascinating than bitcoin's lack of correlation with inflation readings is its connection with inflation expectations.