Fun

News Feed - 2023-07-08 03:07:00

Marcel Pechman5 hours agoHow Argentina’s inflation is helping altcoins and the crypto marketCointelegraph analyst and writer Marcel Pechman explains how Argentina’s 150% inflation is actually helping the altcoin market by luring more investors.435 Total viewsListen to article 0:00Cointelegraph YouTube SubscribeJoin us on social networksOn today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume (somehow) even if their local currency loses its value.


What is the lesson here? For starters, everyone wants free money. That explains why altcoins and airdrops continue to attract attention, regardless of whether the majority of investors end up being unprofitable.


You might think that those investors would quickly learn their lesson, but in reality, quite the opposite occurs. All it takes is a new marketing strategy — a new way of promising free money — just like the Argentines have a tendency to forget the mess the governments have caused over the course of 10 years.


For Pechman, the bottom line is: Forget any promise of free money or dividends that don’t come explicitly from economic activity.


The show’s next segment covers the topic most loved by economists: the inverted yield curve. This event happens when shorter-dated Treasurys have higher returns than longer-term ones, suggesting the United States Federal Reserve will hurt the economy.


According to Pechman, that’s a recession indicator, but historically, it takes six to 36 months to happen, so traders should avoid such a metric. Those calling for a recession 12 months ago saw the S&P 500 index gain 15% and even gold accrue 8% returns, only making a fool of themselves. According to Pechman, it is stupid to bet on a crisis, while the central bank is adding liquidity.


That’s why Bitcoin’s hard-locked monetary policies are so important. So, when you hear someone calling for $100,000 Bitcoin by year’s end, it partially comes from the devaluation of the U.S. dollar. Pechman then proceeds to explain why the money that will eventually flow to Bitcoin (BTC) comes from gold, real estate and bond markets.


Lastly, Pechman shows why the spot Bitcoin exchange-traded fund (ETF) approval is so important and essential for a $200,000 bull run. 


Macro Markets runs exclusively on the new Cointelegraph Markets & Research YouTube channel, so make sure to like and subscribe today!# Bitcoin# Argentina# Altcoin# Federal Reserve# Ethereum# Bitcoin Price# ETF# Latin America# Inflation# Airdrop# DeFi# NFTAdd reactionAdd reactionRelated NewsHow to create and sell Bitcoin NFTsTop 5 dog-themed cryptocurrencies by market capWhy a Bitcoin ETF approval would be a big dealWhy is the crypto market down today?Why is the crypto market up today?Crypto investment products see largest weekly inflow since July 2022

News Feed

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation
EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation An array of crypto-related services have been targeted in the latest round of sanctions on Russia appr
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company"s Bankruptcy Italian police accused a man who ran a cryptocurrency
JPMorgan reports holding shares of several spot Bitcoin ETFs
Turner Wright2 hours agoJPMorgan reports holding shares of several spot Bitcoin ETFsThe largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of
Solana Investors Stay Firm As Selling Pressure Eases – Details
Este artículo también está disponible en español. Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of
Bugs in Gains Network fork let traders profit 900% on every trade: Report
Christopher Roark3 hours agoBugs in Gains Network fork let traders profit 900% on every trade: ReportAn attacker could have placed a limit buy order with an arbitrarily high open price to automatically win every trade, t
Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada
Mike Novogratz"s Galaxy Digital to Launch Bitcoin Fund in Canada Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, ha
Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation
Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation Several Federal Reserve governors and presidents say that more interest rate hikes are needed to
Bitcoin Price Moves From 56 To 60-Day Cycle After Crash Below $100,000, What To Expect Next
Este artículo también está disponible en español. The Bitcoin price’s market dynamics have taken an interesting turn as the cryptocurrency adjusts its cycle pattern
Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months
Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months The South Korean government will adopt a cryptocurrency tracking system within the first half of this year
Emsisoft Releases Bug Fix for Bitcoin-Ransoming Malware WannaCryFake
Software firm Emsisoft released a bug fix for the bitcoin-ransoming malware WannaCryFake. Announced today in a blog post, the free software will help recover encrypted files without
Nigeria launches first multilingual large language model in Africa
Amaka Nwaokocha1 hour agoNigeria launches first multilingual large language model in AfricaCommunications Minister Dr. Bosun Tijani revealed a collaboration between 21st Century Technologies, and Galaxy Backbone to exped
Doctors turn to Apple Vision Pro headset to practice surgery amid cadaver shortage
Tristan Greene6 hours agoDoctors turn to Apple Vision Pro headset to practice surgery amid cadaver shortageVeyond Metaverse aims to mimic the traditional cadaver experience in visceral detail with Apple’s mixed reality