Bitcoin has grown 6.3% over the past seven days and flirted with $20,000. The British pound has fallen over 5% and is nearing parity with the U.S. dollar. Bitcoin has faced choppiness in September, rising at the beginning of the month before declining sharply in mid-September amid higher-than-expected reports of inflation in the US. Bitcoin has largely traded like risky assets, such as tech stocks, like the Nasdaq. Even though Bitcoin has been touted as a hedge against inflation, its underperformance demonstrates its influence on traditional finance.Read Long Article
