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Tag: inflation

Bitcoin’s Highs and Lows — And More From Cryptocurrency’s Wild 2021

After hitting its summer low below $30,000, Bitcoin reversed course and began rallying strongly into November 2021. Although trading was volatile along the way, investors began plowing back into the crypto and pushed it to its most-recent all-time high of $68,778.48. For investors who bought in at the summer lows, this represented a return of about 130% in four months. A combination of inflation fears and general stock market exuberance, with investors taking a “risk-on” approach, helped fuel Bitcoin’s gains.

Behind crypto’s ugly weekend, ‘cascading’ selloffs and dashed hopes for Bitcoin $100K

“Hodl” no more?The grim weekend cryptocurrency drubbing that dragged Bitcoin (BTC) under $50,000 and ravaged other digital coins has decisively tempered the bullishness of investors — some of whom were predicting a run at $100,000 just weeks ago.Fueled by uncertainty over the Federal Reserve inching toward tighter monetary policy in the face of surging inflation, and global fears over the new Omicron variant of COVID-19, the dramatic crash was super-charged by liquidations in the crypto derivatives market, market players say.Only Friday, Bitcoin sat above $57,000 before the risk aversion…

Why the World’s Biggest Traders Are Betting on Blockchain Data

The Future of Everything covers the innovation and technology transforming the way we live, work and play, with monthly issues on transportation, health, education and more. This month is Data, online starting Dec. 2 and in print Dec. 9.
Suppose you could buy a share of Tesla Inc. and send it to a friend in Shanghai as easily as sending an email. Or imagine placing a bet on the inflation rate at the end of President Joe Biden’s term, which would pay off in bitcoin if you were right.

Dow Powers Higher As Omicron Worries Fade; Bitcoin Extends Slide

U.S. stocks traded mixed Monday, while the dollar extended gains against its global peers and oil prices rebounded firmly, as investors entered the week eyeing developments in the Omicron spread while closing tracking inflation data ahead of a key release later this week.Dr. Anthony Fauci, the nation’s top infectious disease expert, said Sunday that data from South Africa, where the new variant was first discovered, indicates that Omicron may induce milder symptoms than previously forecast, although its rapid spread continues to worry virologists around the world. “Thus far, it does not…

David Stockman on the Consequences of Abolishing the Gold Standard – The Burning Platform

Via International Man

Before Alan Greenspan fell off the wagon in pursuit of government power, position, praise, and riches, in his 1966 speech, “Gold and Economic Freedom,” he said the following:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the…

How Bitcoin Creates Our New Reality

“Time is money,Money is time,But how are we printing money if we can’t print time?”You and I work for money. Money is meant to reflect the value of our time and energy, which becomes more scarce and valuable as we age. However, our money buys us less and less every day, which means money becomes less scarce and valuable as we age. Time and money are heading in opposite directions. Why? Because unlike time, our money can be manipulated by a privileged few, disproportionately hurting the rest of society, especially non-asset holders during periods of inflation.Time is the most precious…

How can investors hedge against inflation?

Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.”The cryptocurrency’s inflation rate has been fixed and its circulating supply is capped at 21 million coins, expected to be mined by 2140. By then, BTC’s inflation rate will drop to zero. In contrast, fiat currencies have no finite supply and can be printed…

Is Bitcoin Versus Gold Correlation Still Relevant in 2021?

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The gold versus Bitcoin debate gathered steam last month as US inflation hit three-decade highs. Globally, consumer prices have accelerated at an unprecedented rate, prompting investors to seek a hedge against inflation and gold bugs and Bitcoin fans arguing over which asset is a better store of value.
I will provide some insights into what these two assets have in common and how they differ, as well as examine their correlation.
How are gold and Bitcoin similar?
Limited supply
Bitcoin and gold gain their value from a limited supply and a…

Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows…

There is consensus in the market that policymakers would provide unlimited support to asset prices if the situation worsens, leading to lockdowns. However, that would push governments and central banks in a tough spot. With inflation already running hotter than expected globally, lockdowns and more stimulus could lead to stagflation, a period characterized by low growth and elevated price pressures. While bitcoin is widely perceived as a store of value asset, it remains vulnerable to weakness in growth-sensitive assets like stocks.

Michael Saylor, business intel expert, analyzes Bitcoin on Fox Nation’s ‘Tucker Carlson Today’

MicroStrategies co-founder Michael Saylor discussed Bitcoin in the latest edition of “Tucker Carlson Today” on Fox Nation.Saylor, a business intelligence expert, explained why he believes cryptocurrencies can be an important asset as governments become more inclined to print money and cause inflation as a more subtle alternative to raising taxes or cutting spending.”Bitcoin is the solution,” Saylor said. “Now, go back to the beginning, what is money? Well, an economy consists of goods, services, and property. You know, I want you to do something for me. I want that product. I want you to…

GyroDAO Completes Successful PeckShield Audit, Becoming the First OHM fork to Have a Tier 1 Audit

SAN JOSE, CA / ACCESSWIRE / November 27, 2021 / It is with great satisfaction that GyroDao has been successfully audited by Peckshield, one of the foremost Blockchain Security Companies globally. Peckshield has certified Gyro to be secure.https://storage.googleapis.com/accesswire/media/674758/GYROlogo.pngGyro is an innovative and unique Defi 2.0 protocol, combining the capital appreciation of traditional crypto currencies with the safety and stability of stable coins. Gyro’s team of industry veterans have developed a custom algorithm to grow and protect your wealth from inflation safely…

Billionaire Tells Investors; “Buy Bitcoin Right Now”

Mexican billionaire Ricardo Salinas Pliego has advised investors to put their money into bitcoin. Salinas who is the third richest man in Mexico advised this due to the rate at which the Fed is printing dollars. Inflation rates have soared in the past year and are expected to continue doing so. The billionaire advises putting money into bitcoin to combat the rate at which fiat money is being issued.
Billionaire Says Buy Bitcoin
Pliego has grown increasingly critical of the rate at which the Fed has been printing money. The billionaire had posted a picture that…

CoinField’s President on Their New Token, Growth Plans, and Competition


Alex Lightman (on the left) and Matt Zahab, the host of the Cryptonews Podcast. Alex Lightman, Executive Chairman and President of a European crypto exchange CoinField that operates in 193 countries, claims that exchange tokens will outperform other cryptoassets as the company is now preparing to launch its own, somewhat unusual coin. Per Lightman, this utility token aims to help solve the food inflation problem in developing countries.“The CoinField coin [CFC] will be giving you discounted access for trading fees on CoinField and to Nwassa [an agribusiness-focused digital platform]…

Multiply your BUSD with Yield Farming

People are slowly moving away from fiat money and adopting cryptocurrency. Fiat is not a good option because it is easily counterfeited by central banks and printed unlimitedly. However, cryptocurrencies can’t be printed like fiat money, making it a better alternative to many people worrying about inflation.
The world is rapidly adopting blockchain technology. Defi tools are one of the most popular and successful platforms right now. BUSDMatrix.io is a Dapp based on Defi protocol that provides a high return on BUSD deposits. The return can be as high as 234%.
The product is a smart…

Will This Be The Most Miserable Thanksgiving Ever? 

Tens of millions of Americans plan to travel for the Thanksgiving holiday and will be greeted with some of the highest fuel costs in a decade.New data from travel company AAA estimates 48.3 million Americans will travel by automobile this year, up 8% from last year but down 3% from pre-COVID levels. With the national average for gasoline hovering around $3.40 per gallon, the highest level for any Thanksgiving since 2012, many will be furious as they fill up at the pump. It’s not just gasoline and diesel inflation that depletes millions of Americans’ wallets as real wage growth turns…

Kolanovic: Oil Is Actually Very Cheap: Here’s Why

Listening to Biden’s press conference this afternoon discussing soaring gas prices and relentless inflation (here Biden pivoted by instead praising the surge in small business creation as if it has anything to do with vibrancy while completely omitting that it was driven by millions hoping to take advantage of the next PPP bailouts when the US enters lockdowns next), which had soundbites such as this:*BIDEN: GOING TO GET THROUGH THIS GASOLINE PRICE SPIKE*BIDEN: CHINA MAY DO MORE ON OIL RESERVE RELEASE AS WELL*BIDEN: UNACCEPTABLE FOR GASOLINE FIRMS TO POCKET GAINS*BIDEN: WILL DO WHAT’S…

Inflation fears sparks Bitcoin rally before Taproot – Crypto Roundup, Nov 15, 2021

First major upgrade in four years set to accelerate Bitcoin innovation
After briefly eclipsing all-time highs on shocking inflation figures, Bitcoin settled down to finish the week with 2% losses as the long-awaited Taproot upgrade was activated
At its peak on Wednesday, Bitcoin flirted with the $69K level. Within a few hours however, fresh fears of an Evergrande-induced financial collapse swept over the market, dragging cryptoassets down alongside the S&P 500. Adding to the blow, the Securities and Exchange Commission then denied another spot Bitcoin ETF…

The Central Bank Will Launch a CBDC

The Central Reserve Bank of Peru’s (BCRP) President, Julio Velarde, announced they are working on developing a CBDC in collaboration with other central banks around the globe. As the country experiences instability and inflation in goods and services, the central bank discusses financial models to fight the imminent crisis.
Velarde shared during the business conference CADE 2021 that the BCRP has been “working on a digital coin” and other projects with cooperation from the central banks of India, Singapour, and other countries.
Related Reading…

DeVere CEO Nigel Green Predicts When The Bitcoin Bull Cycle Will End

DeVere CEO Nigel Green has recently shared his outlook for the current bull rally. Bitcoin has been on an upward trend since the beginning of October, hitting multiple all-time highs since then. The rally does not seem to be slowing down soon and market analysts do not believe it will. The current trajectory, as analyzed by experts, mostly shows that the trend will last into the next couple of months.
Green, however, has an even better outlook for the digital asset, which he sees growing along with rising inflation rates. The CEO explained that with predicted…

Lots of Soaring, Some Record Breaking, NFTing and 20 Crypto Jokes

Another fun crypto week is behind us. Let’s summarize what happened. Bitcoin hit another ATH, as inflation figures in the USA reached its highest level in 30 years and the value of paper money hit an all-time low against hard assets. Analysts said that the current bitcoin rally looks healthy and with less leverage than on previous occasions, altcoins eclipsed combined bitcoin and ethereum transaction volumes on Coinbase, DOGE surged then dropped following an update, the Ethereum Name Service governance token soared on the…

Crypto Adoption in 2022: What to Expect?

Source: Adobe/peterschreiber.mediaMore institutions are expected to adopt BTC as an investment vehicle and inflation hedge.Future adoption of bitcoin as legal tender depends quite heavily on El Salvador.Many governments may move more towards CBDCs in 2022.The use of crypto for payments is expected to gain further momentum in 2022.The crypto market is having a strong end to 2021, with various cryptoassets — including bitcoin (BTC) — hitting new all-time highs. The question is: will we continue seeing increasing adoption of…

Can DeFi Be Trusted: An Analysis

Bitcoin, Bitcoin, was deployed after the financial crisis in America in 2008 that led to pushing the world’s banking system towards the edge of collapse. Rising prices on global markets, leading to an increase in the rate of global inflation and the rise of social and financial unequal distribution of society worldwide. The crisis betrays the trust of society in existing government-oriented financial systems. Then, the motto of “In God We Trust” is bruised, and the ‘In Bitcoin” paradigm has emerged. Bitcoin is an unregulated space, it is significant to capture the potential risks…

nChain’s ‘electronic cashback via retail CBDC’ paper proposes new monetary policy tool

A recently published paper, whose authors include a researcher from nChain, delves into a new monetary policy tool enabled by a retail central bank digital currency (CBDC): sector-specific cashback payments on private consumption expenditure. The paper looks at how electronic cashback and varying cashback rates can enhance the economic toolkit as a way for central banks to target inflation rates.
Titled “Cashbacks falling from the sky: Can retail CBDC rollout widen central banks’ toolkit?” the paper was published by nChain researcher Dr. Vlad Skovorodov and former nChain researcher…

RealEx DAO Is Offering Crypto Real Estate Steadycoin Grants to Anyone Currently Enrolled in…

(British Virgin Islands) November 11, 2021 – RealEx, the first real estate-backed cryptocurrency, has announced plans to provide some relief to the 60 million people worldwide struggling under the burden of more than $2.0TN USD in student debt.
“The social mission of the RealEx DAO (decentralized autonomous organization) is to help millions of people transform student debt into financial independence by awarding them RealEx steadycoins,” explained DAO cofounder Chelsea Snyder.
The RealEx steadycoin is a token backed by inflation-resistant assets (not fiat…

Bitcoin Tops $69,000 On Inflation Data, Moon Mode Activated?

Digital gold is a reality despite its critics as Bitcoin reclaims the highs of its current level and makes a new all-time high at $69,000. As of press time, BTC’s price has experienced a minor setback but with the potential to take another leg up to $70,000. As this week has shown, moon season could have begun.
BTC on a rally in the 4-hour chart. Source: BTCUSD TradingviewRelated Reading | Bitcoin Ready to Go “Parabolic” – No Reason to Go Down?
The first crypto market cap has scored a new all-time high on the back of the inflation report published by…