Bitcoin traded above $69,000 after the U.S. Department of Labor released data showing a sharp rise in the price of consumer goods—stoking investor fears about mounting inflation.

In a similar spirit, JPMorgan released a note last month that said institutional investors see bitcoin as a “better inflation hedge than gold.”

“The reemergence of inflation concerns among investors has renewed interest in the usage of Bitcoin as an inflation hedge,” the bank wrote.

Inflation has broken loose, and we are witnessing the slow movement of a runaway train that will only increase in momentum. We should now pay attention to where we plan to store wealth, to weather the inflation storm that is on the horizon.