Bitcoin climbs above key level after US inflation jump | Crypto News

Bitcoin climbs above key level after US inflation jump | Crypto News

The largest digital asset by market value rose as much as 3.3 percent to $44,085 Wednesday.By Vildana Hajric and Emily GraffeoBloombergPublished On 12 Jan 202212 Jan 2022Bitcoin climbed above $44,000 for the first time in a week as the most U.S. inflation in four decades revives the debate about whether the cryptocurrency is a hedge against … Read more

The crypto market is uneasy about the Fed meeting and high inflation. Here’s why

The crypto market is uneasy about the Fed meeting and high inflation. Here's why

Crypto investors are closely watching this week’s Federal Reserve meeting, with the market expecting the central bank to announce a faster reduction in its pace of bond buying as U.S. inflation rises. Facing macroeconomic uncertainties, Bitcoin BTCUSD, -0.01% has fallen more than 30% from its all-time high of $68,991 in November, recently trading at $47,565. … Read more

Crypto assets are an imperfect hedge against inflation at best

Photo: Bloomberg

I began my Wall Street career in the early 1980s, and that’s the last time I recall investors being as concerned about inflation as they are today. Back then, we understood inflation had been triggered by the 1971 abandonment of the gold standard, supply shocks like the 1973 oil embargo, misguided monetary policy and perverse … Read more

Paystand Uses Crypto to Hedge Against Inflation

Paystand Uses Crypto to Hedge Against Inflation

As a company that has been based on a blockchain infrastructure since its founding in 2013, Paystand has a unique lens into what’s going on in blockchain and crypto. Now, this provider of blockchain-enabled business-to-business (B2B) payments is showing its understanding of crypto in another way — by purchasing ether on its balance sheet. “Companies … Read more

Inflation Fears Increase Athlete Appetite for Crypto – Sportico.com

Inflation Fears Increase Athlete Appetite for Crypto – Sportico.com

Amid the economic disruption caused by COVID-19, professional athletes in the U.S. have shown a growing interest in cryptocurrencies to diversify their portfolios and beat inflation-related losses on million-dollar contracts. According to a report from Cointelegraph, the total cryptocurrency market cap reached $3 trillion in 2021. Bitcoin (BTC), the most popular cryptocurrency in the market, … Read more

US inflation and money printing is helping to drive crypto growth

US inflation and money printing is helping to drive crypto growth

Bitcoin’s reputed founder Satoshi Nakamoto anticipated such an event as this – unbridled money printing by central banks that would debase the value of all pre-existing units of currency. The US just announced its highest consumer inflation in over 30 years: 6.2%. “Around 36% of all US dollars in existence were printed between January 2020 … Read more

Tax cuts on fuel improve inflation outlook: RBI governor

Tax cuts on fuel improve inflation outlook: RBI governor

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Wednesday said that the tax cuts on fuel were a positive development and would help the central bank meet its inflation target of 5.3%. The governor said that the growth target of 9.5% also looked achievable, however, there were headwinds in the form of global development. … Read more

Bitcoin flirts with $69,000 on heels of surging inflation news | Crypto News

Bitcoin flirts with $69,000 on heels of surging inflation news | Crypto News

Bitcoin supporters have long argued that the world’s most valuable cryptocurrency can act as an inflation hedge.By Vildana Hajric and Emily GraffeoBloombergPublished On 10 Nov 2021Bitcoin hit another record high and is flirting with $69,000 for the first time after inflation data bolstered the argument that the cryptocurrency is a hedge against rising cost pressures. The largest … Read more

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now

Paul Tudor JonesLeanne Miller | CNBCBillionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold.”It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. He added, “Clearly, there’s a place for crypto. Clearly, it’s winning … Read more