Deflation – Ƀitsell X

Unlike Father, Spencer Schiff Calls Depression Warning ‘Fearmongering,’ Predicts Hyperdeflationary Boom, Bitcoin Crash; Banks on AI Future

July 20, 2023

In response to a Zerohedge article titled “The Two Causes of the Coming Great Depression,” Spencer Schiff, son of gold advocate Peter Schiff, labeled the argument “pure fearmongering.” Spencer said he has distanced himself from his dad’s views and now predicts a “hyperdeflationary economic boom.” Notably, the former staunch bitcoin supporter anticipates BTC’s price will…
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Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation

May 13, 2023

Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are already warning about the dangers of deflation, even calling on the Chinese government to deliver cash handouts in order to push consumer demand. Low Inflation Numbers…
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Analysts at odds over Fed, US debt ceiling impact on Bitcoin price

April 29, 2023

A political deadlock looms over the U.S. debt ceiling and its potential impact on the price of Bitcoin, which is already up 75% in 2023. On April 26, the United States House of Representatives passed a bill to increase the U.S. debt ceiling. This led analysts to weigh its potential impact on the price of…
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Ethereum (ETH) Price Set to Roar as These Two Key Deflationary Tailwinds Pick Up

April 29, 2023

Post-“shapella” upgrade optimism that briefly lifted the Ether (ETH) price to 11-month highs in the mid-$2,150s earlier this month has mostly faded. Ether, the token that powers the smart-contract-enabled Ethereum blockchain, was last trading close to $1,900, still up around 4% for the month, but over 11% below earlier monthly peaks…. Read More: Ethereum (ETH)…
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Total Staked ETH Tokens Keeping Surge Higher – What This Means for the Ethereum Price

April 19, 2023

In wake of last week’s major Ethereum blockchain upgrade enabling the unstaking of ETH tokens from the Beacon chain for the first time since staking was enabled in December 2020, the number of ETH tokens locked in the staking smart contract has continued to surge higher. Total staked ETH tokens were at 18.62 million on…
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Ethereum Surges Above $2,100 Amid Bullish Post-Shapella Upgrade Supply Dynamics – Where Next for the ETH Price?

April 14, 2023

Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, just surged above $2,100 for the first time since May 2022 amid positive post-Shapella update changes in the ETH supply. Ethereum developers successfully implemented the so-called “Shapella” upgrade on Wednesday – Shapella being an amalgamation of the names of Ethereum’s consensus (Shanghai) and execution (Capella)…
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Ethereum’s Annualized Deflation Rate Briefly Surpasses 5% – Here’s How That Can Impact The ETH Price

March 17, 2023

The rate at which the Ether (ETH) supply is deflating, which has been accelerating in recent weeks, recently saw a spike higher. Ether is the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain. ETH is the world’s second most valuable cryptocurrency by market capitalization and Ethereum is the dominant blockchain in Decentralized Finance…. Read More: Ethereum’s…
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Ethereum’s Deflation Rate Keeps Rising – Here’s What That Means for the ETH Price

February 21, 2023

The annualized daily net inflation rate of the Ether (ETH) supply hit a record low of -2.772% last Tuesday, according to data supplied by crypto analytics firm Glassnode. Ether is the token that power’s the smart-contract-enabled Ethereum blockchain, which is currently the world’s dominant blockchain in terms of the size of its associated ecosystem of…
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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

February 20, 2023

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to…
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Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’

February 2, 2023

While the rate increase was expected by the markets and Jerome Powell indicated more increases will come, the market has reacted positively to the Fed chairman’s comments. The price of Bitcoin (BTC) broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% after United States Federal Reserve Chair Jerome Powell indicated…
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Tag: Deflation