Crypto heavyweights back inflation-resistant savings protocol
The U.S. consumer price index reached a 40-year high in December, capping off a year of aggressive price increases. Go to Source Powered by WPeMatico
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Bitcoin shoots to $44,000 as US inflation hits 7% in December
United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. Bitcoin almost reached $44,000 upon the news. Go to Source Powered by WPeMatico
‘Most bullish macro backdrop in 75 years’ — 5 things to watch in Bitcoin this week
Can 2022 still turn out to be a bull year? Not many believe so, but short-term volatility should pass nonetheless, analysts say this week. Go to Source Powered by WPeMatico
Bitcoin crash ahead? Expert warns higher inflation could whip BTC price to $30K
The warning appears against the U.S. Federal Reserve’s intention to tighten its asset purchasing program rapidly, followed by three rate hikes in 2022. Go to Source Powered by WPeMatico
Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto market
Ethereum lost roughly 13.50% versus Bitcoin’s 9% decline in the past 24 hours. Go to Source Powered by WPeMatico
Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation
Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022. Go to Source Powered by WPeMatico
3 reasons why Ethereum can reach $5,000 in Q1
A mix of technical, macroeconomic, and on-chain indicators point toward a price rally in the Ethereum market this quarter. Go to Source Powered by WPeMatico
As US Inflation Skyrockets White House Blames Monopolies, Economist Calls for Price Controls
U.S. inflation is red hot and a number of analysts and economists are predicting America will face further economic issues as politicians and the Biden administration blame corporations. This perspective on rising inflation has led finance authors like Isabella Weber to believe that price controls could ease America’s economic burdens. Biden Administration Blames Inflation on … Read more
Bitcoin is new gold for millennials, Wharton finance professor says
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Go to Source Powered by WPeMatico
Gold Bug Peter Schiff Claims Bitcoin’s Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year
Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those that bought the asset in 2021 have not gained. Bitcoin Gains Higher Than Those … Read more