Interesting read @josevas217

I like when people share their own views and opinions on topics they discuss.

Inflation data reading is bringing more uncertainty into the markets. And there is nothing worse for investors than uncertainty. Luckily those kind of uncertainty doesn't last long and I would usually expect that its going to be priced in within days since inflation reading latest update.

Firstly, high inflation may increase demand for cryptocurrencies as a safe haven.

we need to assume that your point is correct - especially considering the fact that majority of investors see Bitcoin as a store value that is superior to gold.

However, I don't see other cryptocurrencies as a safe heaven and I'm not sure if other people often do. Each one of them (except of bitcoin) is more of a risky asset. I don't think any other crypto except of BTC could be considered "safe heaven" as a competition to traditional gold.

Great read buddy.
Cheers, Piotr