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‘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.”


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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.


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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.”


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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"


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