Forecasts – DIGIT INFO

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

DIGIT — Wed, 03 May 2023 10:15:08 +0000

Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]

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No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

DIGIT — Sat, 29 Apr 2023 16:34:58 +0000

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of […]

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Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

DIGIT — Mon, 10 Apr 2023 17:15:03 +0000

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]

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Ethereum to Reach Peak of $2,474 Per Token in 2023, Finder’s Survey of Crypto and Fintech Experts Reveals

DIGIT — Tue, 31 Jan 2023 21:30:47 +0000

Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin’s year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum, the second-largest crypto asset in terms of market capitalization. Finder specialists believe ethereum will reach […]

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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

DIGIT — Wed, 11 Jan 2023 05:30:55 +0000

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

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Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

DIGIT — Thu, 08 Dec 2022 05:00:49 +0000

The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise in Crypto Mining’s Electricity […]

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Finder’s Experts Predict Bitcoin Will End the Year at $21K, Panel Expects BTC to Hit $79K by 2025

DIGIT — Wed, 19 Oct 2022 22:30:07 +0000

Following the recent xrp and ether prediction forecasts by crypto and fintech experts chosen by the product comparison web portal, finder.com, Finder’s latest handful of specialists have produced a predictions report for bitcoin. The group of 55 Finder’s experts think bitcoin will increase in value by more than 10% by the year’s end, and by […]

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Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’

DIGIT — Mon, 15 Aug 2022 20:00:16 +0000

The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s […]

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Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be ‘Harmful’

DIGIT — Wed, 22 Jun 2022 03:30:50 +0000

For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn’t come to fruition and dropped well below the price targets in 2022, Plan B and his price […]

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Bitcoin Price Outlook for June — Market Conditions Show Uncertainty

DIGIT — Fri, 10 Jun 2022 18:00:02 +0000

Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in […]

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