‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week
A bullish reversal into the new week rapidly gains attention but sober analysts predict that this is just another relief bounce. Go to Source Powered by WPeMatico
Inflation
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‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset … Read more
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week. Without further ado, this is … Read more
Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe
Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.” Go to Source Powered by WPeMatico
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’ While the headlines … Read more
Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry
Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry. Go to Source Powered by WPeMatico
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.” Go to Source Powered by WPeMatico
Top 3 cryptocurrencies that are faring the best in the 2022 bear market
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs. Go to Source Powered by WPeMatico
Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review
This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosion, the topic is all the more critical, but LUNA-tattooed Galaxy Digital CEO Mike Novogratz still thinks the “crypto revolution is here … Read more
Kevin O’Leary Expects US Crypto Regulations to Come Out After Midterm Elections
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says U.S. crypto regulations will not come out until after the midterm elections. He explained that President Joe Biden “is not interested in discussing crypto” when his approval ratings have sunk to record lows. O’Leary also cited other factors, including double-digit inflation and high food and gas … Read more