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Tag: Inflation

Balaji Srinivasan: Bitcoin would reach $1 million within around 90 days

Balaji Srinivasan is a well-known figure in the tech and crypto worlds. He has a resume that could be a model for these industries. He’s an angel investor, tech founder and bestselling author of The Network State (in which he argues that technology will usher in the end of the nation-state era). His experience spans from being the CTO of Coinbase and a general partner at venture firm Andreessen Horowitz, to co-founding several companies that were...

Bitcoin, Crypto adoption, Cryptocurrencies, Inflation, People in crypto

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Bitcoin is proving less volatile than stocks

For the first time in two years, Bitcoin’s 20-day realized volatility, a statistic that captures daily price fluctuations, has slipped below the Nasdaq and S&P 500, according to research released this week by crypto data provider Kaiko.After more than a month of trading around $19,000, bitcoin’s volatility is currently lower than that of the Nasdaq and S&P 500.You have not selected any currencies to displayEven...

Bitcoin, Cryptocurrencies, Front page, Inflation, News

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Crypto Today: Bitcoin recovery; UK bond buying might affect bitcoin; Has Bitcoin hit bottom months ago?

CryptoPressBitcoin recoveryBitcoin scored a win this quarter, yet the magnitude may seem small for an asset class with outsized gains until recently.As stated by some experts, Wall Street believes cryptocurrencies have bottomed out and will become an attractive diversification strategy until Treasury yields regain strength. Bitcoin rose 3.7%, trading at $19,392, while MSCI’s MSCI All Country Stock Index and Bloomberg’s...

Bitcoin, Crypto adoption, Cryptocurrencies, Ethereum, Inflation, News

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Robert Kiyosaki: The true inflation will be 16%

Robert Kiyosaki, author of Rich Dad, Poor Dad, and an influential figure in personal finance, predicts that the U.S. economy will continue to suffer and has recommended his followers invest in Bitcoin once again.The United States economy has experienced a recession in several instances due to a number of circumstances, including bad government policies. In light of this, Kiyosaki has advised investors to abandon fiat currencies in favor of...

Bitcoin, Cryptocurrencies, Inflation, Robert Kiyosaki

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Raoul Pal: I bought cryptocurrency lately

Raoul Pal, an investor, entrepreneur, and former sales executive for Goldman Sachs in Europe, said that he is now amassing a significant amount of cryptocurrency reserves in anticipation of a worldwide economic slump.The economy may declineDuring an interview done by the Twitter account Real Vision, Pal gave his opinions on the current macroeconomic scenario, elaborating on the importance of both the stock market and cryptocurrencies in...

Crypto adoption, Cryptocurrencies, Inflation, People in crypto, Raoul Pal

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U.S. inflation dropped to 8.5% in July

The news that the US CPI, a commonly recognized inflation indicator, has been declining caused the cryptocurrency market to respond favorably.Inflation in the U.S. economy slowed somewhat in July, reaching a level below analysts’ predictions as the thesis that inflation has reached its greatest point is solidified.Inflation in the US hit a four-decade high in June before cooling down and increasing by 1.3 percent in July. The index...

Altcoins, Bitcoin, Cryptocurrencies, Front page, Inflation

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Fed set to raise rates by 0.75% to fight inflation

The Federal Reserve’s monetary policy committee meeting will conclude on Wednesday. Most analysts expect the Fed to raise its benchmark short-term federal funds rate by 75 basis points as a result of the 12-month consumer inflation rate rising in June to 9.1% from 8.6% in May.The rate hike, to be announced at the conclusion of the Fed’s two-day policy meeting, will be the fourth this year and will likely match last month’s...

Crypto adoption, Cryptocurrencies, Front page, Inflation

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Inflation: This is what US$2,000 looks like in Argentina

Inflation is a problem that has plagued Argentina for approximately 70 years. The current situation is one of the worst on record, as the Argentine peso has depreciated sharply against the US dollar since early 2019.This has led to a drastic increase in prices, which means that local residents have to spend more and more money to buy basic goods such as food and medicine, and many are struggling to maintain their lifestyles.US$2,000...

Crypto adoption, Crypto world, Cryptocurrencies, Front page, Inflation, News

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Argentines rush to buy stablecoins after economy minister’s resignation

Stablecoins rose in value over the weekend as a result of the peso’s steep decline in Argentina.The peso fell roughly 15% versus stablecoins DAI and Tether on many major local markets after Guzman’s departure. Over the weekend, the value of both stablecoins jumped from 245 pesos to 280 pesos.Consumers purchased up to three times as many stablecoins as normal over the weekend, according to major cryptocurrency exchanges, as...

Argentina, Cryptocurrencies, Exchanges, Front page, Inflation, News, Stablecoins

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