Will the $100B Loss for the Fed Spell Disaster for Bitcoin?
The Fed’s Financial Woes and Crypto’s Potential
On this week’s episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman examines the United States Federal Reserve’s financial struggles, which are rooted in the fundamental macroeconomic principle that overall wealth cannot be universally enhanced as demand for goods and services rises. This discrepancy has caused inflation, real estate prices and other issues. Pechman predicts that the Fed will continue to pay the price for its loose monetary approach during the pandemic.
Moving on to European markets, Pechman highlights Novo Nordisk’s incredible success, which has caused it to momentarily overtake LVMH as Europe’s most valuable company. Its weight-loss drugs, Ozempic and Wegovy, have contributed to Denmark’s upwardly revised gross domestic product growth forecast.
Finally, Pechman discusses the potential for traditional web 3.0 companies to adopt crypto-based revenue distribution methods through smart contracts. Although he recognizes the promise of this concept, he also points out the current complexity and immaturity of the sector.
For further information and a comprehensive analysis, take a look at the newCointelegraph Markets & Research YouTube channel. This week, you can find the latest crypto news, crypto prices, and info about upcoming web 3.0 companies and when they will be released. Additionally, discover what three features are integrated into web 3.0 and the complete web developer course 3.0.
The bad blood between the US Securities and Exchange Commission and the crypto industry continues...
A recent surge in transaction charges on Ethereum and Bitcoin has reignited the discussion around...
Ferrari Accepting Cryptocurrency Payments Ferrari has announced that it will accept cryptocurrency payments for its...
Arthur Hayes believes that Bitcoin (BTC) and altcoins are a great investment opportunity in the...
As the highly-anticipated Bitcoin halving draws near, experts in the nonfungible token (NFT) industry anticipate...
Cryptocurrency Regulations The ongoing legal dispute between Coinbase and the United States Securities and Exchange...
The crypto market significantly underestimates the potential of a spot Bitcoin (BTC) exchange-traded fund (ETF)...
SEC Delays Decision on Ether ETFs Until May 2024 The United States Securities and Exchange...
This week Bitcoin (BTC) price saw a shallow pullback, but the intra-day rally to the...
Today, the crypto market is on the rise as Bitcoin (BTC), Solana (SOL) and many...
Lazarus Group Holds $47 Million in Crypto The Lazarus Group, a North Korean hacking collective,...
Bitcoin’s (BTC) market dominance has traditionally been viewed as a key indicator of its market...
