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Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients. Go to Source Powered by WPeMatico
Gold bug and bitcoin opponent Peter Schiff says the U.S. government’s actions in the past 78 years are partly responsible for the massive depreciation of the U.S. dollar. Using a medical bill from 1942 to illustrate the extent of the dollar’s decline, Schiff says the $70 paid to foot hospital expenses that year was equal … Read more
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future … Read more
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views … Read more
Mainstream news agencies are beginning to provide positive coverage of Bitcoin, acknowledging its proper significance as an asset as the US dollar nosedives. Go to Source Powered by WPeMatico
Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. Go to Source Powered by WPeMatico
What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation? Go to Source Powered by WPeMatico
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September. Governments from developed markets account for … Read more
Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin. Go to Source Powered by WPeMatico
You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin. Go to Source Powered by WPeMatico