inflation / 3 posts found
Inflation Rates to be Normalised in 2023, Will this Ignite a Bitcoin Bull Market Then?
The FOMC meeting is fast approaching and the entire world is pretty much eager to know the updated inflation rates. The rates in the past 2 months have broken the record of being the highest in the past 40 years, while the previous rise also marked the highest single-spike of all time. Therefore as per the experts, the crypto space is expected to be volatile throughout the week. The BTC price plunge earlier was ignited by multiple events like LUNA-UST, Celsius, 3AC, etc, & later fuelled by FED rates. Now when the prices are attempting to make a move towards […]
This Billionaire Says Inflation Will Last ‘For Years’ And Bitcoin May Become ‘Worthless’
Thomas Peterffy, founder and CEO of Interactive Brokers listens a question after addressing the World Federation of Exchanges (WFE) annual meeting in Paris on October 11, 2010. The WFE groups leading financial markets. AFP PHOTO ERIC PIERMONT / AFP PHOTO / Eric PIERMONT (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via Getty Images Brokerage pioneer Thomas Peterffy spoke with Forbes about his economic outlook, and when he expects the market to bottom out. On Wednesday, the U.S. reported consumer inflation of 9.1% for the year through June. That number, a four-decade high, rattled markets as stock indices […]
Why inflation – not the crypto crash – will define Bitcoin
Bitcoin We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Crypto is down. Badly. Bitcoin is at its lowest price in 18 months and the resulting headlines are dramatic. And yet, in the face of the crypto crash, not all hope is lost. Despite Bitcoin’s falling value, it remains to be seen just how the wider economic landscape impacts the coin’s long-term adoption. Why? Because Bitcoin use cases are actually growing under the backdrop of global inflation. Beyond […]