Gold Bug Schiff Says ‘The Months of Declining Inflation Are in the Review Mirror,’ AI Crypto Assets Surge, and More — Week in Review – The Weekly Bitcoin News
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Gold Bug Schiff Says ‘The Months of Declining Inflation Are in the Review Mirror,’ AI Crypto Assets Surge, and More — Week in Review – The Weekly Bitcoin News
Peter Schiff, the well-known investor and CEO of Euro Pacific Capital, stated that the months of declining inflation are in the review mirror. Schiff predicts that as the economy recovers, a surge in inflation could be on the horizon. His statement came amid reports of rising prices for commodities like lumber, copper, and food, leading to higher costs for consumers.
In another significant development, AI crypto assets surged this week. The rise in AI crypto assets, which are automated trading strategies that use artificial intelligence to make trades, is being attributed to gains made by cryptocurrencies like Bitcoin and Ethereum. AI crypto assets have been gaining in popularity among traders in recent years as they offer a way to make trades that are more precise and faster than human traders can.
In other news, the SEC announced that it has delayed its decision on whether to approve Bitcoin ETFs until June. This comes as the SEC continues to push back on the creation of Bitcoin ETFs, citing concerns over market manipulation and security.
Meanwhile, the cryptocurrency market saw mixed results this week. Bitcoin, which had been trading in a range of $55,000 to $60,000 for weeks, saw a sharp drop to below $50,000 before rebounding slightly. Ethereum, the second-largest cryptocurrency by market cap, saw significant gains, breaking the $4,000 mark for the first time.
Finally, India’s crypto industry continued to face uncertainty this week as rumors of an outright ban on cryptocurrencies continued to circulate. This comes after several Indian banks recently announced that they will no longer be processing transactions related to cryptocurrencies.
Overall, it has been an eventful week in the world of cryptocurrency. From rising inflation to the surging AI crypto assets, the market continues to evolve and reach new heights while facing numerous regulatory and economic challenges. Investors will continue to keep a close eye on developments in the coming weeks as the markets evolve and adapt.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Source link
