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“# ‘Most bullish macro backdrop in 75 years’ — 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week in a strange place — one which is eerily similar to where it was this time last year. After what various sources have described as an entire twelve months of “consolidation,”…
“#Biden inflation excuses are bogus and other commentary” Libertarian: Biden’s Bogus Anti-Inflation Drive Team Biden’s “call for antitrust action against business” to fight rising prices is “rich coming from officials who are largely at fault for inflation as well as for the industrial concentration they criticize,” explains Reason’s J.D. Tuccille. For example, “The meatpacking industry…
“# Bitcoin crash ahead? Expert warns higher inflation could whip BTC price to $30K ” Bitcoin (BTC) may end up falling to as low as $30,000 if the U.S. inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm. The…
“#So-called moderate Biden cozies up to leftist Dem flank” After Joe Biden was elected president, I had a conversation with a Wall Street banker friend who is deeply involved in Democratic politics. He could see I was worried. He knew my views about Trump: didn’t like his tone, his Twitter noise and the antics of…
“#Chef Boyardee parent warns of inflation’s effects on margins” Conagra Brands on Thursday warned of a bigger hit to full-year margins from surging raw material costs and shipping expenses despite prices hikes by the Chef Boyardee pasta maker. The company lowered its forecast for annual adjusted operating margin to around 15.5% from 16% and also missed market expectations…
“# Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto market ” Ethereum’s native token Ether (ETH) plunged sharply hours after the U.S. Federal Reserve released the minutes of their December meeting, showing that they eye a faster timetable for hiking interest rates in 2022. The minutes showed that the Federal Open Market Committee…
“# Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation ” Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge. When prompted by interviewer William Green about what…
“# 3 reasons why Ethereum can reach $5,000 in Q1 ” Ethereum’s native token Ether (ETH) has plunged by more than 20% after establishing its record high at around $4,867 on Nov. 10, 2021. Nonetheless, the sharp price pullback does not mean ETH can’t pursue a new record high in the next few months, as…
“# Bitcoin is new gold for millennials, Wharton finance professor says ” Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor. Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday. On the…
“#Citi Bike quietly hikes price of its annual membership” It will soon cost more green to get on one of New York City’s blue bikes. Beginning Jan. 28, annual memberships to Citi Bike will cost $185 plus tax, up from $179, according to a notice quietly posted to the bike share’s website. That’s about a…