Inflation is killing us; cryptocurrency alone cannot beat it
Traditional currencies are failing, and research has shown that cryptocurrencies may be susceptible to the same shortcomings. Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz Truss after just 44 days in office. Currently, at least 10 emerging economies are hyperinflationary, with more expected to follow. And the Federal Open Market Committee (FOMC), the part of....
Related News
Here I will reveal the top 5 reasons why bitcoins beat dollars, both now, and in the future. For the sake of brevity, I limited this list to the top 5, but may not be limited to these five alone. The dollar certainly has it's own inherent advantages, but it will prove fleeting in nature in the coming years, whereas bitcoin's advantages are built in to the technology, to stand the test of time. Number 1 - Appreciation Beats Inflation. Inflation, here, means that the amount of U. S. dollars, the "Global Reserve Currency," in circulation continues to increase. And it has, consistently, since....
Inflation eats into your savings, reducing the value drastically over time. Is Bitcoin a good inflation hedge? Does Bitcoin work as a hedge against inflation?Statistics reveal Bitcoin has worked wonderfully well against inflation, much better than assets such as gold, real estate and stocks.As an asset, Bitcoin works amazingly well against inflation and beats it by a big margin, though you should be careful about extraneous factors like the regulatory environment. Statistics reveal that the odds are much better while storing value in Bitcoin than assets like gold, real estate, stocks and....
The Liberty Beat Partners with Genesis Communications Network. FOR IMMEDIATE RELEASE. Contact: John Bush, Owner and Editor in Chief of The Liberty Beat. Phone: 512-773-6102. San Marcos, TX - The Liberty Beat, your daily source for liberty news and activist updates, is announcing a new partnership with the Genesis Communications Network that will greatly expand the reach of the program. The daily news service will also soon be producing three updated editions a day. Since January of 2013, The Liberty Beat has provided daily top-of-the-hour news that could be heard on LRN. FM and up to 14....
Bitcoin has gained $500 in the past hour as the U.S. potentially confirms what could be a short-lived peak in inflation metrics. The U.S. Central Bank, and the Federal Reserve (Fed), will hold an important event today, and the crypto market might see a bullish continuation. Related Reading: TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains At the time of writing, Bitcoin (BTC) trades at $21,800 with a 1% profit in the last 24 hours and a 6% loss in the past 7 days. The cryptocurrency was rejected north of $22,000 and seems to be on track to re-test those levels of resistance.....
Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday. Bitcoin (BTC) prices steadied on Tuesday after closing the previous session at a 3.41% loss, supported by a weakening dollar sentiment ahead of a key United States' inflation report due later today.Spot BTC/USD exchange rate rose by a modest 1.31% to $33,096 after bottoming out on Monday at $32,996 on Coinbase exchange. The CME Bitcoin Futures was up 1.64% from its previous session's low of $32,600.Bitcoin Futures reclaimed the $33,000-support after briefly flipping it....