Bitcoin Price Fluctuates on News that Fed is Winding Back Inflation
With rising inflation in response to the pandemic and lockdowns, the Federal Reserve has finally decided to slow the money printer. As of this month, the central bank has indicated that it will begin to pull back its monthly bond purchase program of $120 billion, which was previously disclosed. While the news was welcomed by […]
Jack Dorsey warns ahead of impending hyperinflation as people look to BTC for rescue
Twitter CEO Jack Dorsey may have just forewarned of coming hyperinflation in the United States, followed by the rest of the globe. In the early hours of Saturday, Jack Dorsey, the CEO of Twitter and Square Inc. , took to Twitter to issue a warning about impending hyperinflation in the United States. He expressed himself […]
Inflation, not ETFs, drove Bitcoin to $67,000 says JPMorgan
JPMorgan thinks the ProShares Bitcoin futures ETF launch is unlikely to boost BTC prices. Bitcoin prices are unlikely to climb as a result of the debut of the ProShares Bitcoin futures exchange-traded fund (ETF) , according to US bank JPMorgan. As an alternative, they cited inflation as a significant factor that may have had a […]
Bitcoin may be the best hedge for inflation – Billionaire investor Carl Icahn
Billionaire investor Carl Icahn, says Bitcoin could be the best hedge against inflation, his comments were in line with Federal Reserve Chairman Jerome Powell, who mentioned that inflation was rising along with supply issues. With the US government continuing to support the economy, Icahn expressed concern that the currency will continue to depreciate and that […]