Inflation | Crypto Profit Bot

BRRR: Biden Readies a New $3T Stimulus Package

January 8, 2021

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What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today on the Brief: U.S. loses 140,000 jobs in December Chamath’s SoFi SPAC A SPAC for Bakkt Our main discussion: […]

Why Joe Biden’s $3T Stimulus Package Could Add Fuel to Bitcoin’s Rally

January 8, 2021

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Jan 8, 2021 at 1:05 p.m. UTCUpdated Jan 8, 2021 at 1:11 p.m. UTC Why Joe Biden’s $3T Stimulus Package Could Add Fuel to Bitcoin’s Rally The Democratic party narrowly triumphed in Georgia elections held earlier this week, wresting control of the U.S. Senate from the Republicans. As such, the Democratic-controlled House of Representatives now […]

Amid inflation woes, Turkey announces CBDC tests planned for 2021

December 26, 2020

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While the announcement came as a surprise to some, a digital Lira has been in the works since 2019 1119 Total views 10 Total shares As the country struggles with soaring consumer prices and an inflation rate in the double digits, in an announcement to members of Turkey’s Parliament central bank governor Naci Agbal revealed […]

Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

December 3, 2020

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Dec 3, 2020 at 12:04 p.m. UTCUpdated Dec 3, 2020 at 2:47 p.m. UTC (Patryk Kosmider/Shutterstock) Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally Bitcoin’s price has nearly doubled in the past eight weeks as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value […]

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

November 9, 2020

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DoubleLine CEO Jeff Gundlach warns of inflation with a digital U.S. dollar. (DoubleLine Capital) Debate Rages on Whether a Digital Dollar Will Unleash Inflation With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to […]

Bitcoin is the best treasury reserve asset humanity’s ever had

November 1, 2020

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At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors. According to the data, 13 entities have amassed close to 600,000 BTC — about 2.85% of all Bitcoins and worth approximately $6.9 billion. The list includes MicroStrategy at the top, with close to 38,250 […]

The next big treasure: Corporations buy up Bitcoin as a treasury reserve

October 17, 2020

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October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in Bitcoin (BTC). Five days later, asset manager Stone Ridge Holdings, which manages over $10 billion in assets, disclosed that it had purchased more […]

Bitcoin genesis block is the ‘New Testament’ of finance

October 17, 2020

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“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.” For Christians, who much of the global population, these words mark the beginning of time and […]

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Category: Inflation