Following The Decade-Long IMF Playbook
Alarmingly, G7 governments appear to be following a playbook designed to cap interest rates and let inflation run hot.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.The subject of today's Daily Dive will be the playbook that is seemingly being followed by G7 governments and global central banks. While some may be skeptical that there is a coordinated campaign or playbook, the following paper released by the....
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The masses are bearish on Bitcoin. The market is convinced that prices below $30,000 will be revisited given the continued weakness in the top cryptocurrency by market cap. All eyes are on the massive “bear flag,” but could it instead be a bear trap? Bitcoin price continues to grind along a decade long parabolic trend line that in the past has put in several mid- to long-term bottoms. Here is a closer look at a currently unbroken trend line that BTCUSD must hold for continued parabolic momentum and what it could mean if we get a bounce from here. Unbroken Decade-Long Parabolic....
In his latest essay, Arthur Hayes, the co-founder of BitMEX, has laid out his investment playbook in the current global economic landscape, focusing on the potential of Bitcoin, cryptocurrencies, big tech, and traditional financial markets. Dumb Trades Hayes begins with a blunt critique of traditional investment strategies, particularly the purchase of long-term bonds in the current economic climate. He explicitly states, “The dumbest thing one can do is purchase long-term bonds with a buy-and-hold mentality.” Hayes explains this viewpoint by highlighting the risks associated....
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,....
Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after sitting idle for over ten years. Zombie coins or so-called ‘sleeping bitcoins’ are a great number of old addresses with block rewards that have never been spent. Estimates believe there’s around 1.5 to 2 million sleeping....
Bitcoin’s first decade was marked by considerable growth. The advent of decentralized finance (DeFI) could do the same for its next ten years. The post Following One Decade Of Growth, DeFi Could Guide Bitcoin’s Next appeared first on Bitcoin Magazine.