Why is record-high inflation not bullish on bitcoin and other cryptocurrencies which are often hailed as 'the ultimate inflation hedges?' GSR_io's bosc_benoit explains the two trends he's seeing. Presented by kucoincom:
GSR Markets’ Benoit Bosc discusses the current state of the crypto markets as the U.S. Consumer Price Index rose to 8.5%, hitting a new 40-year high.
Meanwhile, bitcoin and other digital assets are trading down. Bosc explains the growing correlation between digital assets like BTC and ETH to macro trends as the Fed prepares to use quantitative tightening to ease soaring inflation.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. inflation increased 8.5% in the past year, highest in 40+ yearsPrices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia’s war against Ukraine.
Baca lebih lajut »
Sticker shock: Inflation in United States likely set new 40-year high in MarchWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March.
Baca lebih lajut »
Inflation numbers, pushed by gas prices, expected to set 40-year highThe government’s consumer price index being released Tuesday is expected to show that prices shot up 8.4% from 12 months earlier.
Baca lebih lajut »
Sticker Shock: March Inflation Expected to Set Another 40-Year HighWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March
Baca lebih lajut »
Sticker shock: Inflation in United States likely set new 40-year high in MarchWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March.
Baca lebih lajut »