Fun

‘Save Your Skin’ From Inflation With BTC, The Great Monetary Shift, and SHIB Burns — Bitcoin.com News Week in Review

News Feed - 2022-04-17 09:04:29

"Save Your Skin" From Inflation With BTC, The Great Monetary Shift, and SHIB Burns — Bitcoin.com News Week in Review


Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,” Bitcoin.com News noting eerie similarities between the current great monetary shift and the creation of the U.S. Federal Reserve, and SHIB achieving some notable burn statistics. Without further ado, this is your bite-sized digest of the week’s hottest crypto news, the Bitcoin.com News Week in Review.


Buy Bitcoin, ‘Save Your Skin’ — Mexico’s Third Richest Billionaire


The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. He warned: “The bad news is that the U.S., and Japan, and the U.K., and the euroblock — they are going exactly the same route my country went in the 80s.”


Read More


The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System


While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, it’s also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift has increased.


Read More


Kevin O’Leary Predicts Trillions of Dollars Will Flood Into Crypto — Says Bitcoin Mining Will ‘Save the World’


Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has predicted that trillions of dollars will flow into cryptocurrencies, particularly bitcoin. In addition, he said bitcoin mining will “save the world.”


Read More


Shiba Inu Burn Rate Hits 26,000%, 1.4 Billion SHIB Burned in 24 Hours


Last Saturday, the second-largest meme-based cryptocurrency, shiba inu, has seen a lot of tokens burned. According to statistics, the network’s burn rate increased by 26,592%, with 1.4 billion SHIB destroyed in 24 hours.


Read More Tags in this story Bitcoin, BTC, Burn, Economic Crisis, Federal Reserve, inflation, kevin o"leary, Monetary Shift, Shark Tank, shib, shiba inu, WEF


What do you think? Will bitcoin save your skin from hyperinflation and can bitcoin mining save the world? Is the panic being felt globally going to contribute to something akin to the creation of the Federal Reserve all over again? Let us know your thoughts in the comments section below. Bitcoin.com


Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies. Musk on Crypto Twitter"s "Most Annoying Problem," Bored Ape NFTs, Mt Gox Bitcoins, and More — Bitcoin.com News Week in Review THE WEEKLY | Apr 10, 2022 Kiyosaki on USD "Implosion," Musk Considers Social Media, $540M in "Sleeping Bitcoins" Move — Bitcoin.com News Week in Review THE WEEKLY | Apr 3, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleTony Hawk’s Latest NFTs to Come With Signed Physical Skateboards Next articleFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUS Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues "Odds of Recession Increase"


As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the ... read more.Polygon Announces Zero-Knowledge Identity Platform for Web3 India"s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency With Over 90% of BTC"s Supply Issued, Bitcoin"s Mining Difficulty Reaches a Lifetime High

News Feed

Cryptoqueen Ruja Ignatova Tipped Off About Onecoin Investigations Before She Vanished, Report
Cryptoqueen Ruja Ignatova Tipped Off About Onecoin Investigations Before She Vanished, Report Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted
Bitcoin, Ethereum Technical Analysis: ETH Finds Temporary Support, After Hitting 3-Week Low
Bitcoin, Ethereum Technical Analysis: ETH Finds Temporary Support, After Hitting 3-Week Low Ethereum found support on Tuesday, following a drop to a three-week low earlier in today
David Attlee12 hours agoVauld gets permission for board restructuring from the courtThe Singapore-based crypto exchange has been in ongoing bankruptcy proceedings since August 2022.812 Total views4 Total sharesListen to
Morgan Stanley CEO Says Bitcoin Is Not a Fad, Crypto Is Not Going Away
Morgan Stanley CEO Says Bitcoin Is Not a Fad, Crypto Is Not Going Away The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitc
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Ciaran Lyons2 hours agoBitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but so
Red Envelopes and BCH: Prominent Mining Execs Jiang Zhuoer and Jihan Wu Bolster Bitcoin Cash
Red Envelopes and BCH: Prominent Mining Execs Jiang Zhuoer and Jihan Wu Bolster Bitcoin Cash In recent days, bitcoin cash has seen significant gains, and support
Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented
Berkshire"s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right
Spot Bitcoin ETFs Go ‘Pac-Man’ Mode, Gobble Up $1.2 Billion In 1 Week
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
US Lawmakers ‘Deeply Concerned’ That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback
US Lawmakers "Deeply Concerned" That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback Two U.S. lawmakers have requested answers from the Securities and Exchange Commi
Crypto Analyst Warns Bitcoin Price Could See Further Crash If It Falls Below This Level
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
John McAfee Launches Ghost Phone Service to Supplement His Cryptocurrency
John McAfee Launches Ghost Phone Service to Supplement His CryptocurrencyTwo-time U.S. presidential candidate John McAfee has launched a privacy-centric cell phone data service. McA