Tag: Inflation

‘Save Your Skin’ From Inflation With BTC, The Great Monetary Shift, and SHIB Burns — Bitcoin.com News Week in Review

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Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,” Bitcoin.com News noting eerie similarities between the current great monetary shift and the creation of the U.S. Federal Reserve, and SHIB achieving some notable burn statistics. Without further ado, this is your bite-sized digest of the week’s hottest crypto news, the Bitcoin.com News Week in Review. Buy Bitcoin, ‘Save Your Skin’ — Mexico’s Third…

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Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity

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As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for the general public across the world.  Joining this discussion online, Tesla CEO Elon Musk asked publicly about the probable inflation rate over the next few years to gauge the notion of global investors. Sharing his thoughts on the matter, American billionaire and MicroStrategy CEO Michael J. Saylor opined that with rising inflation, he expects the capital…

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With This Month Set For Peak Inflation, How Will Bitcoin Price Move?

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[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The news of today is the United States Consumer Price Index December release which came in at just over 7%. By many estimates, this could be the month that the rate of change in inflation peaks. If December is not the peak of acceleration, then it likely occurs in Q1. Our expectations…

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Solar Energy Bitcoin Government And Inflation

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[ad_1] The mainstream narrative for Bitcoin in 2021 has centered a lot around the “E,” or “environmental” aspect of ESG (environmental, social and corporate governance) and Bitcoin. One point that has not been mentioned is that running your own home on renewable energy can protect and insulate you from the bad “G” of the government’s reckless monetary and energy policies. Self-sovereignty is one reason why some survivalists (aka preppers) see renewable energy as part of their standard toolkit. Generating one’s own energy protects from various potential types of disruptions to…

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Bitcoin jumps past $50K as US CPI data shows highest inflation in nearly 40 years

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[ad_1] Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as the United States Consumer Price Index (CPI) data showed inflation in November was worse than anticipated.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView November CPI conforms to expectations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD running to $50,132 on Bitstamp as the data became public Friday. An hour before the Wall Street open, the pair had already hit its highest level in over 24 hours. CPI had been hotly awaited by both crypto and traditional finance analysts…

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‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power – Economics Bitcoin News

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[ad_1] Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist Kenneth Rogoff told the press U.S. inflation was “eye popping” and in terms of where inflation is headed, Rogoff stressed he thinks “we’re on a knife-edge.” Members of the US Central Bank Begin to…

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Digital ruble should not affect inflation, Bank of Russia says

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[ad_1] The Bank of Russia will only fully adopt a central bank digital currency (CBDC) if the digital ruble meets several conditions within pilot tests, governor Elvira Nabiullina said. Nabiullina spoke of the digital ruble before the State Duma Committee on Financial Markets on Monday, disclosing more details about the CBDC rollout, local news agency Interfax reported. The Bank of Russia will only adopt the CBDC after the bank makes sure that rubles can be easily converted from cash into the digital ruble and non-cash, and only at a one-to-one…

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As U.S. Inflation Rises, Bitcoin Offers A Hedge

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[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As many already know, the United States Consumer Price Index for October was announced yesterday morning coming in at a red hot 6.2% year-over-year growth, continuing its accelerating trend since May 2020. This is now the fifth month in a row with CPI gains over 5%.  Source: FRED  Let’s dig into the…

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JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher – Economics Bitcoin News

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[ad_1] Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to…

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Inflation fears or ETF driving Bitcoin price? The Market Report is live with Big Cheds

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[ad_1] Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at when making trades and altcoins to keep an eye on. Using insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market, the Cointelegraph experts…

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