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Bitcoin's move higher against easy money central bank policies showed its potential as a hedge against inflation.
Recent volatility suggests bitcoin has not yet reached status as a currency proxy on par with gold.
At its high, bitcoin had rallied close to 280 percent in the first six months of 2019, with much of that move occurring in June alone. If this move had occurred in a vacuum, it would certainly be significant. However, when we add in some other interesting macro movements and events, it begins to unlock