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Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year. Lebanon in Hyperinflation Lebanon has … Read more
Bitcoin may ultimately benefit from the U.S. Federal Reserve’s actions, says Tyler Winklevoss. Go to Source Powered by WPeMatico
High-profile investors are concerned about the possibility of rising inflation — and they are turning to cryptocurrency to hedge against it. Go to Source Powered by WPeMatico
Describing the current economic state, including pending inflation, Anthony Pompliano noted exiting cash into other assets as the key to wealth. Go to Source Powered by WPeMatico
A panel of experts is predicting the price of bitcoin will rise to $10,337 by September before adding a further $2,611 to end the year at $12,948. The findings are drawn from a Finder Cryptocurrency Predictions Report for July 2020 and the latest figure is roughly $2,500 less than the price predicted in the April … Read more
The head of business development for blockchain financial services outfit, Unchained Capital, flees to Bitcoin when the government starts talking about stimulus spending. Go to Source Powered by WPeMatico
The co-founder of pioneering crypto wallet BRD attributes his company’s Venezuelan success to local demand for crypto driven by failing monetary policy. Go to Source Powered by WPeMatico
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks CBDCs are merely digital versions … Read more
Goldman Sachs will soon host a conference call discussing the impacts of the current economic crisis on Bitcoin, gold, and inflation. Go to Source Powered by WPeMatico
Financial institutions such as Goldman Sachs have always condemned Bitcoin and other crypto assets. In 2020 and beyond, they are looking at the new form of money from a completely different perspective. Rumor has it that Goldman Sachs is paying very close attention to Bitcoin. Goldman Sachs Pays Attention to Bitcoin Not to blast it … Read more
