{"id":19143,"date":"2023-03-26T13:01:12","date_gmt":"2023-03-26T13:01:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/a-million-dollar-bitcoin-bet-financial-crisis-warnings-abound-and-ordinal-inscriptions-surpass-500000-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2023-03-26T13:01:12","modified_gmt":"2023-03-26T13:01:12","slug":"a-million-dollar-bitcoin-bet-financial-crisis-warnings-abound-and-ordinal-inscriptions-surpass-500000-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/a-million-dollar-bitcoin-bet-financial-crisis-warnings-abound-and-ordinal-inscriptions-surpass-500000-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 \u2014 Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis. In spite of the economic turmoil, however, Federal Reserve chair Jerome Powell doesn\u2019t envision the Fed cutting interest rates this year. This and more just below in the Bitcoin.com News Week in Review.<\/strong><\/p>\n

\"Balaji<\/p>\n

Balaji Srinivasan Says Hyperinflation Happening Now \u2014 Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days<\/h2>\n

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be \u201ca hedge against hyperinflation, monetary debasement, bank freezes, and wealth seizure.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Economist<\/p>\n

Economist Peter Schiff Expects Worse Financial Crisis Than 2008 \u2014 Says \u2018Future Rate Hikes Are Now Pointless\u2019<\/h2>\n

Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. \u201cFuture rate hikes are now pointless,\u201d he stressed, adding that any effect will be more than offset by the Fed\u2019s quantitative easing.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Economist<\/p>\n

Economist David Rosenberg Warns of \u2018Crash Landing\u2019 and Recession, Citing Fed Data<\/h2>\n

Famed economist David Rosenberg has warned of a \u201ccrash landing\u201d and an impending recession for the U.S. economy. Referring to the Philadelphia Fed\u2019s manufacturing index chart, he stressed: \u201cTake a good hard look at this chart and tell me we are heading into a \u2018soft\u2019 or \u2018no\u2019 landing. More like a \u2018crash\u2019 landing.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Bitcoin's<\/p>\n

Bitcoin\u2019s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees<\/h2>\n

According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Fed<\/p>\n

Fed Chair Powell Says Rate Cuts \u2018Not in Our Base Case\u2019 \u2014 Inflation Still \u2018Too High\u2019<\/h2>\n

Federal Reserve Chairman Jerome Powell does not see the Fed cutting interest rates this year. \u201cInflation remains too high, and the labor market continues to be very tight,\u201d Powell said, adding: \u201cFinancial conditions seem to have tightened, and probably by more than the traditional indexes say.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

What are your thoughts on this week\u2019s crypto news? Let us know in the comments section below. <\/strong><\/em><\/p>\n

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\nBitcoin.com <\/h6>\n

\nSince 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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