US companies forecast to buy $10.3B in Bitcoin over next 18 months — Report
The report claimed, a cash treasury “supplemented with a 3% allocation to Bitcoin” would have shielded companies from inflation since 2020. Go to Source
Inflation
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Elon Musk Can’t Wait to Reform US Government Spending and Regulations
Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation and proposed forming a “government efficiency commission” to … Read more
Arthur Hayes explains why Fed rate cuts aren’t helping Bitcoin
The flow of money has gone from treasury bills into higher-yielding reverse repos, according to the former BitMEX boss. Go to Source
Trump’s platform favors crypto, but what about his inflationary policies?
Crypto single-issue voters back Trump in pursuit of deregulating the US crypto industry and probably boosting their wallets, but do they grasp the broader economic policies at stake? Go to Source
Crypto products hit with $305M outflow amid strong US economic data
CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September. Go to Source
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast … Read more
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in … Read more
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit … Read more
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso: … Read more
Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against … Read more