Dollar debasement fears send 'Bitcoin' searches to record highs

The September consumer price index (CPI) data was released on Oct. 24. showcasing a cooler-than-expected inflation of 3% versus the estimated 3.1%. Analysts are pouring in their opinions on a 'soft' versus 'hard' landing. However, a day before the data came in, Americans were frantically searching online to know if a dollar debasement was on the horizon. What is dollar debasement? Dollar debasement refers to the decline in the U.S. dollar’s purchasing power caused by an expanding money supply, inflation ...