While this claim may be exaggerated, the rapid increase in money supply has heightened interest in Bitcoin as a safeguard against inflation.

In response to these inflation fears, Bitcoin's price surged by 3.2% to $68,450 on April 29, 2025, with trading volume reaching $32.4 billion across major exchanges.

Traders are encouraged to capitalize on this momentum by focusing on BTC/USDT pairs and monitoring key technical indicators.

Technical analysis shows bullish indicators for Bitcoin, including a golden cross on the 50-day and 200-day moving averages, signaling a strong buy signal.

Institutional interest is also on the rise, as Bitcoin futures open interest increased by 9% to $18 billion, signaling a growing trend of hedging against fiat devaluation.

Traders should consider potential entry points around current support levels of $67,000 and resistance targets near $70,000 based on recent price movements.

Social media sentiment regarding Bitcoin has also improved, with a 12% rise in positive mentions, reflecting its growing perception as a solution for fiat inflation.

A viral tweet on April 28, 2025, claimed that 80% of all U.S. dollars were created in the last five years, igniting discussions about inflation and Bitcoin's potential as a hedge against currency devaluation.

On-chain metrics revealed a net outflow of 15,300 BTC from major exchanges between April 27 and April 29, suggesting accumulation by long-term holders.

Additionally, on-chain data showed a 5.7% increase in Bitcoin wallet addresses holding over 0.1 BTC, indicating retail accumulation during this period of economic uncertainty.

Bitcoin's hash rate reached an all-time high of 630 EH/s on April 28, reflecting robust network security and miner confidence in Bitcoin's future value.

As a result of these dynamics, BTC/ETH trading volume increased by 15%, indicating a shift towards Bitcoin as a safer asset during inflationary concerns.