Wednesday, January 20, 2021
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Blockchain Bites: Bitcoin Trades Sideways as US Inflation Is Muted

Hello. Analysts are reporting gloomy short-term projections for bitcoin as the U.S. Labor Department reports muted inflation over 2020. Here’s the story:Top shelfInstitutional productsA new, physically backed bitcoin exchange-traded product (ETP) has hit the SIX stock exchange in Switzerland. Developed by ETC Group, this is the 34th bitcoin ETP on

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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 of their cash holdings.Hedging demand for the cryptocurrency may now be set to rise further, with expectations for long-term inflation reaching 19-month

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Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge

Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of

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‘Bond King’ who called Bitcoin a lie now says BTC is a hedge against inflation

Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says.In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin.Bitcoin vs. gold 1-year chart. Source: SkewGundlach tips

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