Bitcoin And The Increasing Risk Of Stagflation
Skyrocketing energy costs, risks of stagflation and a future credit crisis could have major implications on the bitcoin market.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.Last week, we discussed the beginnings of a global energy crisis and the downstream effects on bitcoin mining in The Daily Dive #069. Today, we’re covering the latest developments in the skyrocketing energy costs, the risks of stagflation....
Related News
In their latest post on CryptoQuant, XWIN Research Japan explores how developing affairs in the United States could affect the trajectory of Bitcoin and other risk assets in the near-term. According to the education institute, concerns of a potential stagflation period have begun to come up, which could potentially boost or mar Bitcoin’s growth. Related […]
The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.”
World Bank on Global Recession, Stagflation
The World Bank warned about the rising risk of stagflation and global recession Tuesday. World Bank President David Malpass said:
The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid.
....
Crypto continues to show resilience with bitcoin (BTC) steadily trading around $70-$71k after briefly dropping below the $70k mark over the weekend, outperforming prior Middle East‑driven sell‑offs where thin liquidity exaggerated downside. Related Reading: Bitcoin PMI Cycle Is The Only Signal That Matters, Analyst Explains Why New QCP’s Market Colour argues that Trump’s failed push for Iran to reopen the Strait over the weekend set the scene for bitcoin’s start of the week. At first, risk assets slipped as traders braced for a spike in geopolitical danger, factoring in possible attacks on....
In Bloomberg Intelligence’s latest report, bitcoin is separating itself from risk assets with increasing HODL behavior and historical patterns suggest a mild down-turn.
Billionaire Jeffrey Gundlach, aka the Bond King, has shared his view on when to buy cryptocurrency. “You need a true Fed pivot,” he stressed. Gundlach also warned about the increasing risk of deflation, noting that it’s time to be bearish on the stock market. Jeffrey Gundlach on Fed Rate Hikes, U.S. Economy, and When to Buy Crypto The founder and chief executive of investment management firm Doubleline, Jeffrey Gundlach, shared his outlook on the U.S. economy, stock and bond markets, and when to buy crypto this week. Headquartered in Tampa, Florida, Doubleline has over....