Investors Take Refuge In Bitcoin As Inflation Rises
Inflation rates have been rising for some time now. This is attributed to the indiscriminate printing of fiat money by the Fed and has been a growing concern to investors, especially those investing for the long term. United States inflation rates have now risen to 7% as Biden’s administration continues to be rocked by inflation concerns. This high growth rate has led investors to look for ways to hedge for inflation. Now, gold has always been the standard inflation hedge. It has dominated the market for decades, and for thousands of years of human civilization, it has been the agreed-upon....
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Millennial millionaires are the subset of millionaires most bullish on crypto, a new CNBC survey has found. Millennials hold more of their wealth in cryptocurrencies compared to any other millionaire class and have said they plan to add more to their crypto investments next year. This indicates a move from more traditional forms of investments towards digital assets as the major investment vehicle. Millennials Making Millions From Crypto The CNBC survey found that millennial millionaires were more likely to put more of their wealth in crypto. In fact, about 53% of all millennial....
The economies of the developing world will feel the earliest and greatest impact from bitcoin. Not only are bitcoin's enormous benefits very personal, they are also contextual depending on your political geography. Individuals residing in high-inflation countries with relatively sufficient Internet access as a percentage of population do seek refuge in bitcoin. The worst offenders depriving their subjects of monetary stability or a reasonable - albeit 'coerced' - store of value are the dictatorial regimes in politically tumultuous countries like Belarus, Sudan, Syria, Iran, Ethiopia,....
At the height of the bitcoin rally, end-of-year predictions had flown around with abandon. Most had placed the price of the digital asset at $100,000 before 2021 ran out. With the movement of the asset at that point, one could easily look at those predictions and see how it could be a possibility. However, the crypto market has proved again that there is really no telling what might happen with it. Bitcoin had ridden the wave up to $69,000 but that would prove to be the top of that rally as a crash sent the price back towards $40,000 not too long after. Now, the price of bitcoin is....
Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981.
Inflation Continues to Hammer the US Economy — White House Blames Putin
The latest data from the U.S. Bureau of Labor Statistics shows that inflation has continued to rise month over month in the United States. BLS published the organization’s latest CPI numbers and....
Blockchain technology has opened a vast array of use cases across different sectors of the economy. As inflation rises, institutions and investors look for a way to generate revenues. In that sense, the crypto industry offers great opportunities often by innovating and improving an aspect, feature, or assets already consolidated in the legacy financial world. […]