With BTC retreating from its eight-day streak of gains and MicroStrategy's most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup.This episode is sponsored by Crypto.com and Nexo.io.Today's stories:MicroStrategy Splurges Another $650M in Latest Bitcoin Investment MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.Bitcoin Is a Hedge Against Inflation, but It's Also a Hedge Against 'Crazy'For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air.A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan Digital asset investment firm Grayscale is sucking up so much bitcoin it could sway prices.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.