PayPal Co-Founder Says Bitcoin Price Points To Crisis In The Economy
PayPal co-founder Peter Thiel has said that the bitcoin price points to an ongoing crisis in the economy. Thiel expressed that the price of bitcoin hitting $60,000 is an indicator of this crisis. Mainly, Thiel says, this has been due to the staggering inflation rates that the country has been experiencing following the pandemic. The Fed had been accused of printing money recklessly during this time without measures in place to affect the inflation it triggered and as such, has pushed investors to more unconventional investment options to hedge for this inflation. Related Reading |....
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The president of eBay has revealed that his company is preparing to expand the range of digital currencies it accepts. In an interview with the Financial Times, John Donahoe even went as far to say that PayPal could, one day, incorporate bitcoin. He said digital currency is going to be a "very powerful thing", but said the ecommerce group is first going to focus on incorporating reward points from retailer loyalty schemes into its PayPal wallet. Donahoe said using PayPal as a digital wallet will make it a lot easier for consumers to keep track of their reward points. When asked....
CoinTelegraph spoke with Christoph Hering from BitShares Munich on the current refugee influx into Europe and why cryptocurrency and blockchain technology might just be the perfect answer to the crisis. Hering is the PR Manager and Crypto Coach for BitShares Munich. Born and raised in Munich, he is an active trader and bilingual entrepreneur. He has over 5 years of experience in financial analysis, working with structured products and handling of international commercial transactions. “The current crisis is a big chance for the German economy and society.” CoinTelegraph: What is the....
This case-study will focus on Bitcoin’s rise in Nigeria. It was partially inspired by a question from Bloomberg’s Joe Weisenthal about what benefits does Bitcoin bring to people living amid a currency crisis. Economies with Currency Black Markets. There is a currency crisis in the Nigerian economy, and using Bitcoin remittances offers real, measurable financial benefits to its population of 173 million. In the event that President Trump blocks remittances from the US to Mexico (which is a form of capital control on the US economy) then a similar opportunity for the profitable use of....
Bitcoin has maintained high prices well into the first week of November. The month is expected to follow bullish trends that were triggered in the previous month and bitcoin has not been disappointed in this regard. However, some metrics remain low compare to the price of BTC. This could be as a result of investors taking profit in the market but low enough to draw attention to them. BTC had seen a lot of investment pour into it the week after the first ETFs went live. The record-breaking $1.4 billion inflow for the week had pushed the price of the digital asset towards a new all-time....
PayPal CEO Dan Schulman has doubled down on his bullish stand on Bitcoin, crypto, and its underlying technology. In a recent interview with CTech, the executive talked about the future of finance, digital assets, and how the two will merge in the next era of the digital economy. Related Reading | Paypal Wants Its Own […]