Tesla CEO Elon Musk has once again taken to Twitter to share his thoughts on crypto, vowing that he “won’t sell” his holdings of Bitcoin, Ethereum and Dogecoin. Musk made the comment...
Tag: Inflation
Musk-Saylor inflation debate boils down to scarcity
As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for ...
Elon Musk Won’t Sell His Bitcoin, Reveals What Assets to Hold During High Inflation
The world’s richest man – Elon Musk – took it to Twitter to reveal that the company he spearheads – Tesla – is coming under pressure from the increasing inflation. He also shared his opinion on what a...
‘I Won’t Sell’—Tesla Billionaire Elon Musk Issues Inflation Advice As The Price Of His Bitcoin, Ethereum And Dogecoin Plummet
Bitcoin and cryptocurrency prices have been under pressure through most of 2022, with the bitcoin price losing almost 20% so far this year. Subscribe now to Forbes’ CryptoAsset & Blockchain ...
Hedge Fund Billionaire Anthony Scaramucci Predicts Bitcoin Rally As Inflation and War Tensions Cool Down
SkyBridge Capital founder Anthony Scaramucci says that macroeconomic factors will become more accommodating to Bitcoin, allowing BTC to rally to six figures in the coming months. In an interview with ...
Cryptocurrencies against the ‘silent thief.’ Can Bitcoin protect capital from inflation?
The world is becoming increasingly volatile and uncertain. The assertion that “inflation is the silent thief” is becoming less relevant. In 2021, inflation has turned into a rather loud and brazen rob...
U.S. Inflation strikes 7.9%, Bitcoin having unfavorable impacts
In February, U.S. Inflation saw a massive increase, with commodities and energy prices skyrocketing. The Fed might have to focus on controlling inflation and might increase the interest rates and tig...
Dow Jones Slumps As Inflation Soars; Amazon Surges On Split; Apple Stock Stumbles| Investor’s Business Daily
The Dow Jones Industrial Average fell as inflation reached its highest level since 1982. Apple (AAPL) was among the worst blue chip performers. Amazon.com (AMZN) spiked on stock split news while cyber...
Dow Jones, Nasdaq Fall As Inflation Hits New 40-Year High; Oil Reversed Lower But These Stocks Trade In Buy Zones
The Dow Jones Industrial Average and Nasdaq composite both traded lower Thursday as inflation hit a 40-year high, according to U.S. data on consumer prices from the Labor Department. Meanwhile, crude ...
Stock Market Sinks After Inflation Hits 40-Year High
The U.S. stock market resumed its meltdown Thursday after the consumer price index showed the highest inflation since 1982. The main stock indexes today gapped down at the open, a day after posting st...
How Bitcoin is proving itself a strong hedge against inflation in 2022
Bitcoin has witnessed strong year-to-date returns, outshining traditional hedges by rallying over 130% compared to gold’s meager 4%. Over time, Bitcoin also evolved as a strong contender for an inflat...
Whale moves $1.17 billion in BTC out of Coinbase as U.S. inflation soars
Did an institution just invest $1.17 billion in bitcoin (BTC)? It sure looks so judging by three crypto transactions moving massive amounts of BTC from a wallet held by Coinbase Pro, to an anonymous b...
A Policy Mistake That Won’t Fight Inflation
This segment of What’s Ahead explains why what Federal Reserve policymakers do when they meet next week will start a process that will ultimately shove the economy into a slowdown, if not outright rec...
Bitcoin’s Volatility on US Inflation Reports and Stacks’ STX 33% Explosion (Market Watch)
The past 24 hours were once again filled with considerable volatility, although it failed to result in any significant directional change for Bitcoin and the majority of altcoins. The market is pretty...
Stocks across the globe fall on ECB announcement and US inflation
The Global shares market fell on Thursday and continued with the bear trend today Friday, March 11, 2022, as consumer inflation in the United States of America increased by 7.9% to hit a 40-year high....
Data Shows US Consumer Prices Hit a 40-Year High, Biden Blames Inflation on ‘Putin’s Aggressive Actions’ – Economics Bitcoin News
Following the record 7.5% high for January, the U.S. Labor Department’s Consumer Price Index (CPI) data shows February’s CPI metrics rose to 7.9%. The CPI data published on Thursday is a new 40-year h...
Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates
Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Wheat gives Bitcoin...
As The Inflation Surge Continues, Here Are Three Key Things To Watch
Gas prices are displayed at a Sunoco filling station in Warminster, Pa., Wednesday, March 9, 2022. … [+] (AP Photo/Matt Rourke) ASSOCIATED PRESS Headline inflation came in at 7.9% for February 2...
There’s ‘nowhere to hide’ for consumers as inflation hits food, gas, housing
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making ...
U.S. Inflation Rises To 4-Decade High; Is A Crypto Crash Inevitable?
U.S. inflation has grown worse in February to a fresh four-decade high. The consumer price index (CPI) rose 7.9% which is a 0.5% increase from January. The Russian-Ukraine conflict is the main reason ...
6 financial advisers on how they’re handling their investments amid inflation
Amid high inflation, here’s what financial planners are personally doing with their money. Getty Images/iStockphoto The rate of U.S. inflation hit 7.9% in February, according to government data releas...
What stocks to buy as inflation hit 7.9% in February?
Investing in companies with pricing power could be a strong hedge against record levels of inflation, says DCLA’s Sarat Sethi after the U.S. CPI climbed again to 7.9% in February. Sethi’s ...
U.S. Inflation Is at Record Highs, But Crypto Doesn’t Care
Key Takeaways Today, the U.S. annual inflation rate hit a 40-year high of 7.9%, according to CPI data. Across the pond, the ECB released its latest monetary policy decisions, revising inflation expect...
U.S. inflation hits a new 40-year high: time to call the peak?
Nasdaq Composite is down 2.0% this morning after the Bureau of Labour Statistics said inflation was up 7.9% YoY in February – the hottest reading since early 1982. U.S. inflation was in line wit...
Dow Falls 200 Points After Red-Hot Inflation Report And Failed Russia-Ukraine Talks
Topline Stocks fell once again on Thursday following another dismal inflation report—with consumer prices jumping 7.9% in February, while investors hoping for a resolution to the Russia-Ukraine confli...
Massive Bitcoin Volatility as US Inflation for February Clocks at 7.9%
The price of Bitcoin went on a massive rollercoaster ride in the past few minutes as the numbers for February’s Consumer Price Index got released. The market continues to be as tumultuous as ever. Aft...
Bitcoin Spikes and Dips as US Inflation Tops 7.9%, ECB Keeps Rates Unchanged – Trustnodes
Bitcoin jumped to $40,000 and just as quickly dipped to $39,000 on the release of US CPI data. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonall...
CPI inflation February 2022:
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest ye...
Inflation Spiked 7.9% In February—Hitting 40-Year High Amid Growing Uncertainty Over Record Gas Prices
Topline Consumer prices rose 7.9% in the 12 months ending in February, according to data released Thursday by the Labor Department, climbing at the quickest pace in four decades amid an unprecedented ...
12 dividend stocks paying at least 3.5% that are well-suited for high inflation
Investors may have turned for a moment from Russia’s aggression in Ukraine to energy and supply shortages in the U.S. that are producing high inflation. With purchasing power crumbling, patient invest...