Bank of America casts doubt on Bitcoin as an inflation hedge
Bitcoin has not, for some time now, served as an inflation hedge. Bank of America's analysts reached that conclusion, Fortune reports.The branch of economics studying the behavior and performance of an economy as a whole.
Bank of America casts doubt on Bitcoin as an inflation hedge
Bitcoin has not, for some time now, served as an inflation hedge. Bank of America's analysts reached that conclusion, Fortune reports.
Fed shocks markets. Bitcoin climbs above $40,000
The Fed, after its May 4–5 meeting, raised the target range for the federal funds rate by 50 basis points to 0.75% to 1.00% per year. At the press conference, Fed Chair Jerome Powell ruled out increasing the pace of policy tightening going forward.
Fed raises rates for first time since 2018; Bitcoin and S&P 500 rise
Following the March 16-17 meeting, the Fed raised the policy rate for the first time since December 2018 by 25 basis points to 0.25-0.50%. By year-end it could reach 1.9% due to inflation running at a 40-year high, according to Fed projections.
Former BoJ official sees risks in launching the digital yen
CBDC could threaten financial stability and have catastrophic consequences for the economy, according to Hiromi Yamaoka, the former head of the Bank of Japan's digital yen research, The Japan Times reports.
Fed signals three rate hikes in 2022 amid inflation risks
Following the December 14-15 meeting, the Fed pushed back the end of its asset purchases taper from June to March. The updated forecasts anticipate three rate hikes over the next two years.
Fed chair signals faster tapering of stimulus
The Fed will discuss speeding up the pace of its bond-buying taper at the December 14–15 meeting, Powell said, CNBC reports.
Huobi analysts deem PlanB’s Stock-to-Flow model flawed.
The popular Stock-to-Flow (S2F) model may be flawed—the Bitcoin price in the remaining days of November is unlikely to reach the projected $98,000. Huobi analysts say its author PlanB did not account for normalization of monetary policy by the Fed.
Ethereum to become deflationary in 2022
In the first half of 2022, Ethereum's supply will peak at 119.7 million ETH, after which the coin will become deflationary. Data from Ultrasound Money shows this.
Fed announces tapering of emergency stimulus programme
The US Federal Reserve (the Fed) will begin winding down its asset purchases and cut the pace of purchases of government bonds by $10 billion and mortgage-backed securities by $5 billion.
Goldman Sachs sees Ethereum rising to $8,000 by year-end
Ethereum price could rise to $8,000 by year-end if the historical correlation with inflation expectations holds. This view is held by Goldman Sachs global markets managing director Bernard Rzymelka, according to ZeroHedge.We use cookies to improve the quality of our service.
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