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Category: Currency Devaluation
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Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
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British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment
British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment. The controversial politician’s comments are drawn from one edition of his daily ‘Fortune & Freedom’ newsletter whose mission is to help “get your money and your destiny back in your hands.” Everyone Is Interested The […]
The post British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment appeared first on Bitcoin News.
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Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the […]
The post Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations appeared first on Bitcoin News.
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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another in July, already appear to have failed […]
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Currency War Erupts as US and China Bring Out the Big Guns
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their […]
The post Currency War Erupts as US and China Bring Out the Big Guns appeared first on Bitcoin News.
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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking […]
The post Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos appeared first on Bitcoin News.
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