Turks turning to Bitcoin amid record inflation in 24 years

    As the Turkish lira has been losing its power, citizens have been turning to crypto. While Turkey’s annual inflation rate has reached 78.62%, the BTC volume of local P2P trading has increased significantly in Q1 and Q2 2022, compared to Q4 2021. According to data from the Turkish Statistical Institute, Turkey’s inflation rate has hit…

    Bitcoin tumbles as inflation hits 40-year high of 8.6%

    Bitcoin’s price sank following the latest US Consumer Price Index (CPI) release, which showed that the index had unexpectedly hit 8.6%, reaching its highest level in 40 years. Despite economists’ expectation that the CPI figure to remain flat at 8.3%, the same as April, the Labor Department’s announcement on June 10 defied that inflation is…

    How effective is Bitcoin as a hedge against inflation?

    How effective is Bitcoin as a hedge against inflation? Dilip Kumar Patairya on Cointelegraph studied what inflation is and how useful Bitcoin and the other means are to deflate it. Why do you need a hedge against inflation? How effective is Bitcoin as a hedge against inflation? Let us first understand what inflation is and…

    Crypto on the verge of mass adoption. Part 2

    The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. The financial business is already anticipating a surge in the mass adoption of cryptocurrencies….

    Crypto on the verge of mass adoption. Part 1

    The ongoing “crypto winter” (sort of) may surprisingly coincide with a major tide of cryptocurrency mass adoption. There is no contradiction, only laws of economics and the understanding that inflation can no longer be solved by simply halting the money printers. Analysts of the large American financial holding Wells Fargo Bank believe that the global…

    New Economic Environment for Cryptocurrencies

    The unprecedented current economic situation seems to increasingly prove numerous analysts’ predictions and forecasts of market behavior wrong. Let’s take a look at what is happening at the macroeconomic level and how it affects the crypto market. As you may recall, the emergence of Bitcoin (and therefore all cryptocurrencies) was a response to the financial…