📈 Is bitcoin finally an inflation hedge?

Bitcoin just hit $81K — and it's now rising with inflation, not against it. Ripple opened its North Korea threat intel to the industry. Consensus Miami opens today. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tuesday, May 5, 2026 Bitcoin used to hate inflation. Now it might be the opposite. Bitcoin has risen 19% in just over a month and is now climbing alongside oil above $100 and a commodity futures index at a decade high — defying the standard macro playbook where rising inflation expectations push investors toward yield-bearing safe assets and away from bitcoin. Paul Tudor Jones called it "unequivocally the best inflation hedge there is — more than gold" in a recent podcast. But QCP Capital says the move looks more correlated with equities than with inflation, and Bitfinex analysts note a "growing disconnect across asset classes." The real test: if equities turn lower, does bitcoin hold? If it does, the narrative shifts. If it doesn't, it was just a risk-on rally all along. Read the full story → Consensus preview sponsored by GoMining Discover GoBTC Pay by GoMining — a simple way to pay for everyday shopping with Bitcoin: on-chain, instant, secure. At Consensus, you can try it yourself and buy coffee and snacks with Bitcoin at the GoBTC Pay outlet. We'll give everyone who wants to test the solution the equivalent of $20 in sats, so your first coffee paid in BTC is on us! Learn more at the GoMining booth or the GoBTC Pay outlet. Tech Ripple to share North Korean threat intelligence with crypto firms Ripple is now feeding its internal DPRK threat data — LinkedIn profiles, email addresses, fraud-linked wallets, domains, and indicators of compromise — into Crypto ISAC's new industry-wide API, so that a North Korean operative who fails a background check at one firm shows up as a known threat at every other member company. The shift reflects how attacks have evolved: the Drift hack was a six-month social engineering campaign, not a smart contract exploit. North Korean hackers now account for 76% of all crypto losses in 2026. On the same day, an attorney representing terrorism victims served restraining notices on Arbitrum DAO, arguing the 30,765 ETH frozen after the Kelp exploit is North Korean property under U.S. enforcement law. Read more → Markets Bitcoin crosses $81,000, ETH, SOL, DOGE steady as options desks bid on further price jump Bitcoin broke above $81,000 in Asian trading — its highest level since late January and up 5.3% on the week — as options desks that had been quietly building cheap call ratio structures found themselves positioned for exactly this kind of grind higher. A decisive move above $80,000 is expected to flip BTC's risk-reversal gauges positive, shifting the market from hedging downside to chasing upside. ETH, SOL, and DOGE held steady rather than ripping higher, suggesting the move is still bitcoin-led. Upcoming U.S. jobs data Friday and ongoing U.S.-Iran tensions are the key macro wildcards for the rest of the week. Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.