Tag: inflation

Grayscale’s latest report delves into the role of cryptocurrency in the upcoming 2024 presidential election. Highlighting findings from a national survey conducted by The Harris Poll, the report sheds light on voter sentiments and attitudes towards cryptocurrency, emphasizing its increasing political relevance. As Bitcoin, Ethereum, and other cryptocurrencies gain prominence, Grayscale’s insights provide valuable perspectives on how digital assets may influence voter decisions and shape the political landscape in the election year.

Despite Bitcoin’s remarkable 45% surge in February, surpassing the $60,000 mark for the first time since November 2021, Grayscale, a leading cryptocurrency asset manager, has expressed caution. The company’s analysts have flagged macroeconomic factors, particularly inflation and its potential impact on Federal Reserve policy, as potential hurdles to sustained cryptocurrency appreciation.

Voyager, the official blockchain explorer, released a data dashboard dedicated to the STRK airdrop. This strongly suggests the much-anticipated distribution of StarkNet’s native token is on the horizon.

The U.S. job market defied expectations in January with a significant increase in non-farm payrolls and a steady unemployment rate, suggesting continued economic momentum despite ongoing challenges.

JP Morgan CEO Jamie Dimon has stirred controversy by asserting that Bitcoin’s creator, Satoshi Nakamoto, will defy the cryptocurrency’s fundamental principles and increase its supply beyond the established limit of 21 million coins. This unexpected claim has triggered outrage within the Bitcoin community, with many dismissing Dimon’s statements as baseless and an attempt to manipulate the market.

In a stark analysis, BitMex founder Arthur Hayes unveils the seismic impact of the imminent approval of a Bitcoin Exchange Traded Fund (ETF). Tracing the roots of Bitcoin’s emergence as a financial lifeline outside traditional systems, Hayes navigates through the financial crises of the past, highlighting Bitcoin’s resilience in the face of adversity.