Tag Archives: federal reserve

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The first week of October saw bitcoin moving much higher than where it had been. Previously, the asset was struggling to maintain a position in the $19K range, though things turned around somewhat during the early portions of the tenth month of the year to see BTC shoot up into the low $20K range. It’s not much, but it’s something, and analysts and traders everywhere chose to celebrate the hike rather than focus on how small it was. Bitcoin Could Be in for a Series of...

The veteran trader is not overly enthusiastic about the prospects of BTC until maybe after 32 months or thereabout.Veteran trader Peter Brandt has given a hint of what to expect of the world’s leading cryptocurrency Bitcoin (BTC) over the next few years. The respected trader spoke on CoinDesk’s “First Mover” program on Monday about the current state of the crypto, and its expected price movement in the next few months, among many other topics.Firstly, Peter Brandt admitted that BTC is...

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Arthur Hayes – co-founder of the crypto trading platform BitMex – published a lengthy blog post on Thursday arguing that central banks will be forced back into “money printing” due to various economic pressures. That money printing, he argued, will create inflation that drives up the price of alternative forms of money, like crypto and gold.  Inevitable Inflation In Hayes’s post titled “Contagion,” the former CEO began by highlighting the immediate difficulties of the global...

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Philip Jefferson – one of the Federal Reserve’s three newest governors – has re-emphasized the central bank’s plans to continue fighting inflation.  The former college professor said he and his colleagues are committed to taking “further steps necessary” to address the problem, and gave no indication that they would consider dovish monetary policy in the near term.  Fed Will Stay the Course The governor delivered his remarks to a conference in Atlanta organized by three of...

The United Nations Conference on Trade and Development (UNCTAD) released a report on Monday warning that central bank monetary and fiscal policy is putting the global economy in danger.  It claimed that U.S. interest rate hikes in particular will cut $360 billion in future income from developing countries.  A Crisis in Developing Countries According to the report, UNCTAD projects a global economic growth slowdown to 2.5% in 2022, and 2.2% in 2023. This will cost the planet...

Janet Yellen – an American economist currently serving as the 78th US Secretary of Treasury – has displayed her anti-crypto position numerous times. During her 20-month reign, she has argued that bitcoin is unsuitable for conducting financial transactions and that people should not rely on investing in digital assets as part of their retirement strategy. Some recent reports hinted that Yellen could leave her post after the midterms at the beginning of November. It remains...