Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets By Cointelegraph

The United States economy has been facing turbulent times lately, with the U.S. Personal Consumption Expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it’s evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate.

U.S. Treasurys have lost a staggering $1.5 trillion in value, primarily due to these rate hikes. This has led investors to question whether (BTC) and risk-on assets, including the stock market, will succumb to heightened interest rates and a monetary policy aimed at cooling economic growth.