As Inflation Grows, Institutions Buy Bitcoin
Institutions are hedging against inflation by buying Bitcoin. As the concerns over the growing inflation rises, it seems that gold is not the primary safe haven anymore. Bitcoin is Better This week, Bitcoin experienced a 35% rally, all while gold went down 7.3% in the meantime. Despite all the fluctuations, it seems that the investors […]
Bitcoin On Path to 100k According to Bloomberg
The September Edition of Bloomberg’s Crypto Outlook is extremely bullish on Bitcoin. According to the report, reaching $100k for Bitcoin and $500 for Ethereum “is a path of least resistance”. As Bitcoin is reaching new heights, Bloomberg’s Senior Commodity Strategist Mike McGlone has called it the digital reserve asset. Bitcoin in the Global Financial System […]