Macroeconomics | ForkLog

ForkLog 25 25.04.2024

Bitcoin Deemed Scarcer Than Gold, Expert Asserts

For 6,000 years, gold has been considered scarce, but its extraction intensified with the advent of the industrial age. This highlights the uniqueness of Bitcoin, which has undergone its fourth halving, noted analyst and CMCC Crest co-founder Willy Woo. Gold production going to the moon as technology gets better. Gold has had 6000 years of […]

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ForkLog 24 23.04.2024

US Presidential Candidate Proposes Moving Federal Budget to Blockchain

US presidential candidate Robert F. Kennedy Jr. has proposed transferring the federal budget to blockchain to enhance transparency. NEW: RFK Jr. says “I’m gonna put the entire US budget on blockchain” “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” “We’re gonna have 300 million […]

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ForkLog 8 22.04.2024

Fed’s Rate Decision Delay Triggers Fresh Outflows from Crypto Funds

Outflows from cryptocurrency investment products amounted to $206 million from April 13 to 19, following $126 million the previous week, according to analysts at CoinShares. Source: CoinShares. Experts attributed the continued negative trend to concerns regarding the policy of the Fed. “The data indicates a decline in investor appetite for ETP/ETF amid expectations that the […]

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ForkLog 19 10.04.2024

Bitcoin Falls Below $68,000 Amid Rising US Inflation

In March, annual inflation in the US accelerated to 3.5%, surpassing the forecast of 3.4% and the previous month’s figure of 3.2%. Excluding food and energy prices, the CPI reached 3.8%. On a monthly basis, consumer inflation increased by 0.4%, mirroring the previous month’s rise. Matthew Miskin of John Hancock Investment Management noted that premature […]

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ForkLog 17 20.03.2024

Federal Reserve Holds Key Rate Steady as Bitcoin Shows Little Reaction

On March 20th, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. According to the Federal Reserve, inflation has decreased over the past year but remains high. The agency also noted the low unemployment rate. In the long term, the Federal Reserve aims […]

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ForkLog 16 20.03.2024

Argentine Demand for Bitcoin Reaches 20-Month High

Weekly Bitcoin purchases in Argentina on the popular local exchange Lemon have reached a 20-month peak with 35,000 transactions, doubling the average for 2023, according to Bloomberg. Source: Bloomberg. A similar trend is observed on other platforms like Ripio and Below. According to the agency, Argentines are striving to protect their personal funds from inflation, […]

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ForkLog 10 13.03.2024

Bitcoin’s Ascent to $100,000 and SEC’s Reluctance on Ethereum ETF

Bitcoin is expected to rise to $100,000 in the second half of the year, while the outlook for a spot Ethereum ETF appears less optimistic. These expectations were shared with journalist Colin Wu by macroeconomist Luxon, who spoke under a pseudonym. Read more. The expert derived this target by assuming that the American asset management […]

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ForkLog 25 12.03.2024

Impact of the Federal Reserve’s March Rate Decision on the Cryptocurrency Market: Expert Insights

Historically, Bitcoin has shown an inverse relationship with the Federal Reserve’s base rate. Analysts predict that the upcoming meeting of the regulator on March 20 could pose a significant barrier to the growth of the cryptocurrency market. In comments to ForkLog, experts explained the macroeconomic pattern and shared their forecasts. The Rate and Bitcoin U.S. […]

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ForkLog 12 11.03.2024

Bitcoin as a Hedge Against Rising US National Debt, Suggests Expert

Bitcoin is the only available refuge from inflation and potential asset confiscation in the US, which are possible due to the unsustainable trajectory of government spending, according to former CTO of Coinbase and general partner at a16z Balaji Srinivasan. BITCOIN > BUDGETING We’re in the looting-the-treasury phase of imperial collapse. The dynamic described below isn’t […]

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ForkLog 12 03.03.2024

Grayscale Identifies Inflation and Fed’s High Rates as Bitcoin Barriers

Macroeconomic factors may pose significant obstacles to the short-term growth of the leading cryptocurrency’s value, according to Grayscale analysts. Read the full analysis from @LowBeta_ and the Grayscale team: https://t.co/AkdcO4AxjX pic.twitter.com/CUrDvuwwwh — Grayscale (@Grayscale) March 1, 2024 “If inflation remains persistently high, officials at the Fed may delay reducing the key rate until later this […]

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ForkLog 8 26.02.2024

Bitfinex Highlights Bitcoin’s Appeal as an Inflation Hedge

Bitcoin is gaining traction as a safe-haven asset in countries experiencing persistently high inflation. This was stated by Jag Kooner, head of derivatives at The Block. The expert highlighted the macroeconomic risks this year, which make the purchase of the first cryptocurrency, gold, and silver relevant. “A sustained level of inflation, above the comfort zone […]

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ForkLog 16 14.02.2024

Bitcoin Unfazed by Diminished Prospects of Fed Policy Easing

Weaker-than-expected inflation deceleration shifted expectations for a Federal Reserve rate cut from May to June, yet had limited impact on Bitcoin. In January, the annual inflation index in the US stood at 3.1%. This figure surpassed the forecast of 2.9% but was an improvement from the previous month’s 3.4%. The likelihood of a Fed rate […]

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