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…