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Category: high inflation
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Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
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Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes
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Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
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Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income
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Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K
The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation. Fed Officially […]
The post Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K appeared first on Bitcoin News.
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Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt decision, which sent shockwaves across Zambian financial markets, saw the country’s currency, the Kwacha […]
The post Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor appeared first on Bitcoin News.
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$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
Crisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country. According to a report by Vorem, this figure is nearly double the previous high of $0.96 million recorded in the last week of June. Citizens who have previously “watched their currency […]
The post $1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks appeared first on Bitcoin News.
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Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization
For bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […]
The post Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization appeared first on Bitcoin News.
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