Search Results for "inflation"
Bitcoin Needs to Continue Standing above $19,200 to Dilute Downward Pressure, Analyst Says
Market analyst Ali Martinez believes the leading cryptocurrency should stand above $19,200 to reduce selling pressure because this is a significant level.
Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments
Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.
"Deutsche Bank share slide fuels global banking fears"
Deutsche Bank's recent share slide has added to concerns about the state of the global banking system and the possibility of a new financial crisis. As governments try to protect the dollar's status as the world reserve currency, concerns about hyperinflation and a historic correction of the economic system are growing. Some members of the Bitcoin community are looking to the cryptocurrency as a potential hedge against inflation.
Bitcoin Billionaire Winklevoss Slams European Central Bank Money Printing Despite Strong Euro
Bitcoin billionaire and Gemini Exchange Founder Tyler Winklevoss Slams European Central Bank's continued stimulus and low refinancing rates despite a strong Euro.
Democrat Nancy Pelosi Says $1.8T COVID-19 Stimulus Package Talks at Standstill, How will Bitcoin react?
Democrat Nancy Pelosi said yesterday that discussions over a new $1.8 trillion stimulus package have ground to a halt, what could the stimulus delay mean for Bitcoin?
'Black Swan' Author Slams Bitcoin, Calls It a 'Gimmick' and a Ponzi Scheme
After having previously invested in Bitcoin, Black Swan author Nassim Taleb has changed his mind regarding the leading cryptocurrency. He now thinks Bitcoin resembles a Ponzi scheme and explains why.
More Consolidation to be Expected from Bitcoin as the Dollar Rallies and US Stock Market Is Down
Crypto analyst Joseph Young thinks that Bitcoin is treading with caution due to the strengthening of the dollar, and he suggests this could prompt a short-term price consolidation.
IBC Group Chairman: Cryptocurrency Replacing Bullion Market Just a "Matter of Time"
IBC Group Chairman, Khurram Shroff, believes that cryptocurrency will one day replace the bullion market which is continuously being thrashed by inflationary headwinds.
Is Bitcoin Digital Gold? SkyBridge Says Yes, JPMorgan Says No as Market Dynamics Have Changed
Institutional investment in Bitcoin has many convinced that it has already succeeded in its transition into digital gold—but the debate continues to rage at the highest levels.
Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike
The Fed has already announced five rate hikes this year, but the institution has not yet been able to contain the surging inflation.
Bitcoin Provides a Check Against Economic Mismanagement, says US Politician
US politician Ro Khanna has shared a tweet that is bullish on Bitcoin. He also advocated for sustainable cryptocurrency mining operations.
Bitcoin Surges as US Inflation Rises
The price of Bitcoin surged over $26,000 as the US Department of Labor reported a 0.4% increase in the Consumer Price Index (CPI) for February 2023, with inflation rising by 6% over the last year. The cryptocurrency markets reacted positively to the news, with both Bitcoin and Ether experiencing price surges.