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Together with the Federal Reserve set to go after selling price progress earlier mentioned two% Sooner or later, bitcoin will function "the ideal inflation trade," Jones claimed on CNBC.
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The cryptocurrency hovered just below $13,000 on Thursday, along with the rally remains only in its "1st inning," Jones mentioned on CNBC on Thursday. The Federal Reserve's up-to-date policy framework will permit for temporary overshoots of its 2% inflation concentrate on to offset the slowed rate of price tag expansion, he explained.
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