As Global Inflation Heats Up, Bitcoin Saves The Day
Many contributing factors have led to a rise in inflation, which bitcoin offers an escape from.The world is breathing a sigh of relief as things normalize after Covid-19 pandemic devastation. Governments are lifting lockdowns, restrictions are being relaxed, and the economy is slowly returning to a semblance of normality. As a result, consumer spending is on the rise. Inflation Is On The Rise In April, CNBC reported that the Consumer Price Inflation in the U.S. increased 4.2% from the previous year. Additionally, in June, the consumer price index increased 5.4% from last year, the sharpest....
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While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under inflation rates as high as two to three-digits. Inflation: The Silent Killer of an Individual’s Purchasing Power During the last week, a number of analysts and economists have been discussing the possible inflation rise coming to the U.S., mostly....
According to Alan Greenspan, Former Chairman of the Federal Reserve, the United States should revert to the gold standard in order to counter inflation. In a 36-minute interview for Bloomberg, Greenspan outlined how he believes that the current global financial situation, triggered by the United Kingdom’s exit from the European Union, is worse than any he has seen during his long career, and that hyperinflation could be imminent. “If you look at human history, there are times where we thought that there was no inflation and everything was going fine… The oil prices have had a terrific....
Inflation is one of those read-the-small-print kind of taxes that people don’t often think about even though it can have a major impact on their finances and, thereby, on their lives. Rising long-term inflation is more insidious than you might think because it can steadily and most assuredly decrease the value of your earnings/savings – especially, if your taxes aren’t indexed to compensate you for the cost of inflation. Inflation has always been the bane of many businesses and individuals alike. One thing is clear: something needs to be done. If cryptocurrency, perhaps Bitcoin, was....
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday. In South Korea, crypto-assets like bitcoin are once again experiencing a ‘kimchi premium,’ as the price per bitcoin is 8% higher than the global average. Bithumb and Korbit Bitcoin Exchange Rates Indicate Bitcoin Premiums Are Returning The ‘kimchi premium’ in....
U.S. City Mayor Scott Conger recently posted on Twitter his belief that Bitcoin will fix inflation. His tweet which called out the U.S. federal government consisted of a couple of questions for the government regarding inflation. And then ended with there being only one fix for inflation. Bitcoin. It’s no secret that the inflation rate […]