๐ฅ Groundbreaking News! ๐ฅ
Bank of America (BoA) is advising investors not to sell their crypto despite the upcoming Consumer Price Index (CPI) report. ๐
The US Bureau of Labor Statistics is expected to release inflation data on May 15, which could potentially increase headline inflation by 0.4% and core inflation by 0.3%, keeping prices high above the Federal Reserve's 2% target. ๐
This could lead to a summer rally for stocks and cryptocurrencies, as the market tends to heat up during this time. ๐
Major institutions like Susquehanna International and Hightower are showing their faith in Bitcoin, making it a potential hedge against inflation. ๐ช
