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Cathie Wood said that Bitcoin can outperform in both inflationary and deflationary environments and praised its performance during this year’s banking crisis. In her latest interview, Ark Invest‘s Cathie Wood stated that Bitcoin serves not only as an inflation hedge but also as a deflationary hedge. During an appearance on
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BTC's reputation as a potential inflationary protection investment is in step with the crypto's comparisons to digital gold. While Wood acknowledged that actual gold can also work as a hedge against both inflation and deflation, she maintained that bitcoin would be her choice "hands down" if she had to choose
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Meanwhile, Central, Northern and Western Europe are the largest crypto economies worldwide thanks to DeFi, NFTs, and growing regulatory clarity, with a lower daily usage for stablecoins.“The new regulation affects all players such as service providers, token and stablecoin issuers who need to apply for licenses to operate and a
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Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to maintain the supply and incentivize participation in the network. Looking at their monetary systems, cryptocurrencies have various coin-creation and supply
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Ether's annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned. Original Source
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Bitcoin was trading sideways but other major cryptos were solidly in the green despite a jumbo interest rate hike by the Bank of England and a dip in jobless claims. Market Wrap is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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Larry Summers Warns Dollar Reversal Could Bring Inflationary Pressure, Posing Challenge for Fed, Bitcoin Original Source
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The Fed is widely expected to raise the benchmark U.S. interest rates by 50 basis points (0.5 percentage point) at its May meeting next week. In a panel hosted by the International Monetary Fund (IMF) last week, Fed Chair Jerome Powell said that “it may be that the actual [inflation]
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(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin’s relief rally” appears to be temporary, after major central banks announced plans to battle high inflationTechnician’s take: Bitcoin could see a brief price bounce, although sellers remain in control.Catch the latest episodes of CryptoX TV for insightful interviews
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