According To Tennessee City Mayor, Bitcoin Is The Only Solution For US Increasing Inflation That…

Due to rising prices of used cars, the US saw inflation hit its highest level in 13 years in June.Consumer prices increased 5.4% over the 12 months till June. This is an increase of 5% as compared to the previous month. It was the largest increase since August 2008.Read: Bank of America Approves Bitcoin Futures TradingBecause of high inflation, Federal Reserve will be under pressure to tighten its monetary policy sooner than anticipated. This could slow down a consumer-driven recovery and increase demand for higher wages.The US Labor Department has released its most recent report. It shows that consumer prices increased 0.9% in June. This is more than economists expected and the largest monthly gain since June 2008.Read: Microstrategy CEO Michael Saylor: “Bitcoin Is Big Tech Network Without Company”Jeroen Blokland Said:BREAKING! US core #inflation rose to 4.5% in June, higher than expected and the highest level since 1991. Headline #CPI also higher than expected at 5.4%! pic.twitter.com/yIiBuYSZ53- jeroen blokland (@jsblokland) July 13, 2021Inflation is rising, so it makes sense that people will look for a source that is a hedge against Inflation. The bitcoin community is urging the public to buy BTC to avoid inflation.Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard WalletWhalePanda on Twitter said, Economists are shocked on rising inflation but not BTC Twitter community:“Inflation is 5.4%, highest in 13 years. Economists are shocked. Bitcoin twitter isn’t surprised at all. Guess who understands the economy better.”Inflation is 5.4%, highest in 13 years.Economists are shocked.Bitcoin twitter isn’t surprised at all.Guess who understands the economy better.- WhalePanda (@WhalePanda) July 13, 2021Bitcoin achieves urge to buy BTC:* US Inflation rising 3 months in row!* 5.4% and the highest in 13 years.Buy #Bitcoin – Bitcoin Archive (@BTC_Archive) July 13, 2021Scott Conger, Mayor of Jackson City (Tennessee…