Tags : Inflation

Bitcoin

Boom for Bitcoin as Wall Street Veteran Blasts Powell over

Bitcoin could continue playing its global safe-haven hedge role as a Wall Street veteran blasts off Jerome Powell and his pro-inflation policies in his latest opinion editorial. The benchmark cryptocurrency could rise as Andrew Parlin, founder/chief investment officer at Washington Peak Investment Advisors in New Jersey, warns about how the Federal Reserve chairman has thought […]Read More

Bitcoin

Bitcoin Drops After Powell Pours Cold Water on Inflation Expectations

A dramatically heightened inflation makes up the strongest bullish case for Bitcoin, a cryptocurrency that poses itself as the safest insurance against a potential rise in consumer prices and fiat devaluation caused by central banks’ quantitative easing programs and the government’s trillions of dollars worth of stimulus packages. But on Tuesday, Bitcoin faced a headwind […]Read More

Bitcoin

Bitcoin Plunges Ahead of Critical US Inflation Data Release; What

Key Bitcoin Takeaways Bitcoin staged an incredible bounce in the early morning session on Wednesday, breaching $55,000. Nonetheless, retreating US bond yields prompted traders to sell the multi-week top. The underlying bullish sentiment kept Bitcoin above crucial support levels while the market awaited the US Consumer Price Inflation report. Bitcoin went through an aggressive short-covering […]Read More

Market

As Wall Street Fixates on Inflation Hedges, Good Luck Finding

Price Point Bitcoin (BTC) was lower, after an intraday price spike on Tuesday took the largest cryptocurrency to a new all-time high of $48,226.25, based CoinDesk 20 data.    $50K in sight: “Bitcoin needs a couple more big endorsements, and that could be the key to take prices above the $50,000 level,” Edward Moya, senior […]Read More

Market

Ethereum, DOGE on Own Journeys as Inflation Bets Fuel Bitcoin

Ethereum pauses at record high, bitcoin’s rally stalls, DOGE Moons Ether (ETH) prices were lower after surging 10% on Wednesday to a new record, climbing past $1,600 for the first time.  The recent gains appeared driven by signs of growth on the cryptocurrency’s underlying Ethereum blockchain network, as well as interest from institutional investors starting […]Read More

Market

Bitcoin and Inflation: Everything You Need to Know

Crypto enthusiasts often talk about bitcoin as a hedge against inflation. Why? The argument is that central bank money printing will lead to inflation or the decrease in the value of money over time. Bitcoin, by contrast, has a fixed limit of 21 million coins that can ever be created. This limited supply allows bitcoin […]Read More