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There are three main milestones to pay attention to in the bitcoin market over the past week.
By GoldenBihar
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The first is that the Financial Accounting Standards board decided to change the way that public companies treat bitcoin on their balance sheets.
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This is a super nuanced, weird accounting change, but it's very important because it opens the door to allow
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public companies to buy bitcoin and treat it like any other financial asset on their balance sheet.
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Then, of course, we got the big inflation reading. Eight 2% in the United States is higher than expectations,
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and the monthover month growth is accelerating. That's not a good story, but bitcoin continues to hold up
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really well against foreign currencies and other types of assets, even in this high inflation environment
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Last but not least, bitcoin volatility is near all time lows, which is in direct opposition to the mainstream talking points.
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. We can see that bitcoin's historical volatility index dropping near those alltime lows. Next, we can see