Elon Musk, Cathie Wood sound 'deflation' alarm — is Bitcoin at risk of fallin...
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate. Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sep. 7. But bull trap risks are abound in the long run as Elon Musk and Cathie Wood sound an alarm over a potential deflation crisis.Cathie Wood: "Deflation in the pipeline"The Tesla CEO tweeted over the weekend that a major Federal Reserve interest rate hike could increase the possibility of deflation. In other words, Musk suggests that the demand for goods and services will fall in the United States....
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Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that “Leading inflation indicators like gold and copper are flagging the risk of deflation.”
Elon Musk, Fed Rate Hikes, and Deflation
Tesla and Spacex CEO Elon Musk tweeted Friday evening that “A major Fed rate hike risks deflation.” His tweet has attracted much attention. At the time of writing, it has been liked 80K times and retweeted almost 7K....
Elon Musk of Tesla, Jack Dorsey of Twitter and Cathie Wood of ARK Invest will discuss Bitcoin during "The ₿ Word" on Wednesday, July 21.
Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood will be featured speakers at the Bitcoin event “The B Word,” which will feature a live discussion between the three focused on how Bitcoin is perceived by the mainstream. The ₿ Word event organizer announced Monday that Tesla and Spacex CEO Elon Musk will be a featured speaker, along with Square and Twitter CEO Jack Dorsey and Ark Investment Management (Ark Invest) CEO Cathie Wood. The event is scheduled to start at 12 p.m. EDT on Wednesday, July 21. It will feature a live discussion with Musk,....
Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest’s Cathie Wood.
The billionaires had a Zoom meeting yesterday, and it’s all crypto Twitter talks about today. Bitcoin should embrace ESG concerns, thinks Cathie Wood. Jack Dorsey hopes Bitcoin will bring world peace. Elon Musk doubled down on his sketchy views about the subject and wasn’t confronted. Just another day in the neighborhood. In Bitcoinist’s first-impression-candid review […]