Bullish For Bitcoin: US Inflation Expectation Breaks Out From Decade Long Dow...

Bullish For Bitcoin: US Inflation Expectation Breaks Out From Decade Long Dow...

Among the many reasons Bitcoin turned bullish in 2020, was primarily due to the sudden fear of inflation caused by unprecedented money printing. Each new round of stimulus money resulted in yet another massive rally in the cryptocurrency, helping fuel its rise from $3,000 to over $34,000. Inflation expectation has been in decline ever since […]


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Fiat inflation has cost Bitcoin hodlers 20% over the past decade

Since 2010, inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000. Bad news — the increase in the Bitcoin (BTC) price over the past decade may have been overstated because of the accompanying fiat inflation. Since Bitcoin is typically denominated in fiat — United States dollars usually — it is not immune to its depreciation.Bitcoin price versus Bitcoin price adjusted for inflation. Source: Cointelegraph.In the decade that followed the economic crisis, the U.S. enjoyed some of the lowest inflation in history, which hovered around 2% annually. However,....

Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.

Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — Has a $500K price ...

“We plan to hold this Bitcoin investment for many years and we'll wait for all of our members in our new 10X service to be able to buy before we do.” Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category, according to SimilarWeb, and with 87 million website visits per month, The....

75% Chance Bitcoin Breaks Bullish Towards $12K, Analyst Asserts

There is a 75 percent possibility that Bitcoin breaks bullish out of its ongoing consolidation pattern. According to independent analyst Vince Prince, the benchmark cryptocurrency is making “marginal” upside movements in an Ascending Channel structure. That has left it with two possible outcomes. First, Bitcoin consolidates inside the Channel while breaking below the “Ascending Trendline”; Second, it stays above the Trendline and later breaks out of the range altogether. Mr. Prince favored the second outcome. […]

Bitcoin as a solution to inflation

When I was a child, a long time ago, there was one book in our house we always deferred to for knowledge. It was primarily a dictionary, published in London during the nineteen-twenties. It included sections of weights and measures, told us about perches and jeroboams as well as giving us the correct forms of address should we wish to write to a Cardinal or an Ambassador. It also included rates of currency exchange. A Pound (Sterling) was worth four Dollars (US). Changes in this rate were not foreseen to be a big problem and for that matter neither was inflation. Picture by Bank of....