Last week, the U.S. Labor Department’s Consumer Price Index (CPI) hit its highest level in decades…
According to the data, the CPI for all items increased by 6.8% over the past 12 months. The last time the number was this high was in 1982 when it hit 6.9%.
This was also more than double the Federal Reserve’s initial target of 2%. As a result, traders that use Bitcoin as a hedge against inflation increased their investments in the digital coin.
In the hours after the report’s release, Bitcoin jumped by 2.2% – trading just below $50,000.
And this trend could continue depending on the decisions the Fed makes in the weeks ahead. But even if the central bank chooses to tighten its monetary policies, Bitcoin will continue to benefit.
That’s exactly why companies such as Walmart (WMT) and Block (SQ) are beginning to implement cryptocurrency services within their operations.
According to Coindesk, Walmart – the world’s largest retailer by revenue – is allowing its customers to buy Bitcoin.
The company reportedly lets shoppers use Coinstar machines to buy Bitcoin at several of its U.S. locations.
And while Coinstar is typically known for exchanging coins for physical cash, it has recently partnered with crypto wallet and payment company Coinme to create Bitcoin-focused ATMs.
Those that use the ATMs to purchase the digital coin are provided a voucher following the exchange. Afterward, they can sign up for a Coinme account to create a crypto wallet.
This only further legitimizes Bitcoin and the broader cryptocurrency market as a mainstream form of currency – as companies like Walmart wouldn’t be putting time and money into the space if they didn’t believe that it wouldn’t become a major part of their future operations. And as these businesses continue to adopt cryptos and other related services, it should send prices even higher…
More than maybe any other retailer out there, Walmart is synonymous with America.
Their stores are massive… they sell everything… and they're everywhere…
But last week they quietly made a move that some would say is a direct shot at the economic heart of the nation.
It's small… for now…
But it suggests that the U.S.' largest retailer has plans to follow the over 46 million Americans (and counting) who've taken action to escape our traditional financial system before it deals permanent damage to their wealth.
In 200 stores across the country, they've cracked the door open for people to convert their dying dollars, which have lost a stunning 97% of their spending power since 1900…
…into a NEW form of money that could completely reset everything we've ever known about earning, spending, and saving throughout our lives.
Now you might not notice anything right away…
And it won't impact the way you shop at Walmart… at least yet….
But by allowing its customers the ability to move their dollars into this new form of currency, right there in its stores… it's clear to see that “quitting” our broken financial system is becoming more and more mainstream every day.
And if you look at the numbers, it's easy to see why.
For instance… right now one of these assets is offering you the ability to earn as much as 13% interest a year… compared to the pitiful average of 0.06% that banks are offering.
And that's on top of its 10x profit potential over the next 12-18 months!
You can learn the details on this time-sensitive situation, free of charge, right here.
Where to invest $1,000 right now…
Before you consider buying Walmart, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2021…
And it's not Walmart.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream… And by then, it could be too late.