Inflation Fears are Rising Today the Labor Department released its Consumer […]
Trend Watch: Inflation Fears
April 16, 2021
Trend Watch: Inflation Fears
The total market cap of scarce digital assets (cryptos, NFTs) has grown by more than $1 trillion in 2021, and LikeFolio trend data helps shed some light on the motivations of retail investors.
Concern about inflation has skyrocketed while cryptocurrency prices have "mooned" -- Consumer Mentions expressing fear and uncertainty about inflation are at an all-time high, +66% YoY on a 90-day moving average.
Asset prices are increasing across the board (lumber futures look like a crypto chart), and retail investors are moving out of fiat and into digital currencies to protect themselves from the perceived inflationary pressure.