The former BitMEX CEO urges readers to put their feelings about Russia and Ukraine aside to recognize the economic consequences that recent sanctions will bring.
Last week, global investment bank Credit Suisse made a radical prediction: that the dollar’s era as the world reserve currency is coming to an end and that commodity money – such as gold – will rise to replace it.. He, too, believes that hundreds of billions of dollars will flow into both gold and Bitcoin throughout the next decade. However, he is also “100% certain” that financial crisis and hyperinflation of the US dollar will ensue in the meantime.
The Federal Reserve recently ended its U.S. Treasury Bond purchase program to help curb skyrocketing prices across the nation. However, as other countries move their wealth away from bonds and into commodities, the Fed will be forced to purchase US bonds again in order to finance its debt. These purchases will be funded, of course, through money printing, which will spiral into “For context, the U.S. runs a $600 billion account deficit every year and had to sell $2.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million – Featured Bitcoin News'As gold marches its way above $10,000, bitcoin will march its way to $1,000,000,' the Bitmex co-founder said in his blog post.
Read more »
Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’Optimism is free, fortunately. Bloomberg Intelligence strategist Mike McGlone and BitMEX former CEO Arthur Hayes share very bullish views on their predictions for Bitcoin.
Read more »
Here’s Why The Fisker Ocean EV Costs Less Than You Might ThinkAt $37,499 (£34,990 in the UK) The Fisker Ocean is well-priced for a car boasting top-notch tech and a range in entry-level form of 275 miles (WLTP).
Read more »
There's a Secret to The Perfect Wake-Up Sound, And Scientists Think They've Cracked ItWith the return to office work – and no longer being able to roll out of bed and straight into a Zoom meeting – many of us will be waking up earlier to beat the morning rush. So it's important to ensure we're on top of our alarm game.
Read more »
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million – Featured Bitcoin News'As gold marches its way above $10,000, bitcoin will march its way to $1,000,000,' the Bitmex co-founder said in his blog post.
Read more »
Anna Delvey Is Still Convinced She’s Not a Con Artist“I never told any senseless lies. Unless they were, like, a bank,” she said on Call Her Daddy.
Read more »