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

[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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Bitcoin Price Rises Rapidly Scarcity

[ad_1] Let’s talk about scarcity: what it is, and how it relates to the dollar, gold and bitcoin. First let’s start by defining it. Scarcity is the gap between the limited supply of various resources and the limitless want of humans. The principle of scarcity is a core concept in the study of economics. Thomas Sowell, an economist at the Hoover Institute, defines economics as such: “The study of the allocation of scarce resources with alternative uses.” There Are Two Different Types Of Scarcity: Relative Scarcity And Absolute Scarcity First…

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Troop of Bored Ape NFTs Rises Above the Competition, BAYC Donates $200K in ETH to Orangutan Outreach – Blockchain Bitcoin News

[ad_1] While non-fungible token (NFT) assets have been raking in millions, numerous NFT projects like Cryptopunks, Meebits, and Bored Ape Yacht Club (BAYC) have been outpacing the competition. The BAYC NFT collectibles is a collection of 10,000 Bored Ape NFTs and just recently the project sales volume has risen exponentially as it rests just below Cryptopunks with $49.5 million in sales last week. Moreover, BAYC’s official Twitter account revealed the project donated 66.45 ether (over $200K) to Orangutan Outreach. Bored Ape Yacht Club Sees Massive Sales This Week, Donates Over…

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