Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation
Mohamed El-Erian, Chief Economic Advisor for Allianz, took an interview with CNBC to discuss the rising price of bitcoin, inflation rates, and possible recession.Mohammed El-Erian, chief economic adviser at Allianz, the corporate parent company of PIMCO where he previously served as CEO, recently appeared for an interview on CNBC to discuss inflation, the federal reserve, and the price of bitcoin rising as a result of monetary policy. In the interview, El-Erian was asked what would happen to gold, bitcoin and other cryptocurrencies if his predictions of the Federal Reserve (Fed) changing....
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Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.”
Predictions by Allianz’s Chief Economist
Economist Mohamed El-Erian discussed the U.S. economy, the markets, and the Federal Reserve’s response to inflation in an interview with CNBC Monday.
El-Erian is the president of....
Allianz’s chief economic advisor, Mohamed El-Erian, says that the argument for investing in bitcoin has reached a pivot point. He sees more companies following Tesla’s example and embracing bitcoin as an investment vehicle as well as a form of payment. Allianz’s Economic Advisor Says the Argument for Bitcoin Is Now Positive Economist Mohamed El-Erian has highlighted key reasons for investing in bitcoin in an interview with CNBC last week. El-Erian, an Egyptian-American businessman, is President of Queens’ College, Cambridge University. He is also chief economic....
Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,” the economist stressed.
Mohamed El-Erian on Inflation, Recession, and the U.S. Economy
Economist Mohamed El-Erian discussed where the U.S. economy is headed and the Federal Reserve’s plan to bring inflation under control in an interview with Bloomberg Friday.
El-Erian is Chief....
Mohamed El-Erian, chief economic advisor at financial services company Allianz, says that bitcoin is not going to be a global currency and will not replace the U.S. dollar. However, he believes the cryptocurrency will always exist in the ecosystem and will not be regulated out of existence.
Bitcoin Won’t Become Global Currency Rivalling US Dollar, Says Economist El-Erian
Famed economist Mohamed El-Erian talked about the future outlook for cryptocurrencies, particularly bitcoin, in an interview with CNBC Monday.
El-Erian is the chief economic advisor at Allianz,....
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of Government Intervention, Bitcoin Is Not Too Big to Fail Mohamed El-Erian said in an interview with CNN Tuesday that bitcoin is not “too big to fail” and its failure could disrupt the global monetary system....