• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
bitcoin, cryptocurrency, btcusdt, btc usd, crypto
Advertisement

A Big Bitcoin Boom Ahead as Data Shows Rising Inflation Fears

Yashu Gola by Yashu Gola
3 years ago
in Bitcoin Price
0
Advertisement
  • Bitcoin expects to undergo a significant rally as a top economist predicts an inflation bias after 12-18 months.
  • The analogy comes after demand for inflation-protected bonds spike in the US, showing investors expect consumer prices to increase in the future.
  • Bitcoin has shown higher adoption in countries with a higher inflation rate, a narrative that prompts some to see it as an alternative to fiat money.

It has been a boring couple of weeks of Bitcoin as its price remains trapped inside a $300 trading range.

But the “scarce” cryptocurrency could avoid these short-term setbacks. Instead, it could rally on a more extended timeframe – as it has done for a majority of its 11-year lifetime. Once again, it is the fears of inflation caused by central banks’ endless money printing that may end up driving its price higher.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

Inflation Fears High

Recent data shows that. EPFR, an agency that tracks capital flows across institutional investment portfolios, found that investors injected more than $5 billion into funds investing in Treasury Inflation-Protected Securities over the four weeks ending July 8. Also known as Tips, the securities protect portfolios from inflation.

The yields on 30-year Tips are now 0.26 percent below zero, according to Tradeweb data. Meanwhile, five and ten years Tip yields have also crashed to the levels last seen in 2012 and 2013. A falling return represents a higher demand for Tips.

It, therefore, marks the first time since the beginning of the COVID pandemic that investors have illustrated their fears of rising consumer prices.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Bitcoin Demand

People in the Bitcoin and gold industry have mainly been vocal about the issue. They note that the Federal Reserve’s decision to inject $2.6 trillion to aid an ailing US economy would lead to massive inflation in the coming years.

Paul Tudor Jones, a billionaire hedge fund manager, acknowledged the same in his investor note from May 2020. The veteran also noted that young assets like Bitcoin could protect people from the aftermath of a devaluing fiat currency. He allocated up to 3 percent of his $22 billion-portfolio into the cryptocurrency.

Steven Blitz, the chief economist at TS Lombard, also sees an inflation spike when the US economy recovers from its lockdown-induced slumber. The Federal Reserve’s stimulus program, as well as an unprecedented increase in the government’s spendings, could push up Tips prices.

“I do not expect inflation for the next 12-18 months,” Blitz added. “After that, I could see the economy having a higher inflation bias.”

He also noted that rising consumer prices would also erode the value of government bonds. They are already yielding lower returns.

Therefore, investors looking for better returns could continue seeking profits from risk-on markets. It may end up benefitting both Bitcoin and stocks in the long-term.

bitcoin, cryptocurrency, btcusdt, btc usd, crypto
Bitcoin price rangebound between $9,100 and $9,400. Source: TradingView.com

The cryptocurrency has already surged by more than 150 percent against falling sovereign yields.

Bitcoin so far has seen higher demand in countries hit by higher- or hyperinflation. Venezuela, Lebanon, Turkey, Iran, and Zimbabwe are the prime case-studies where people have started opting for non-sovereign cryptocurrencies over their devalued fiat.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Yashu Gola

Yashu Gola

Globetrotter Yashu Gola has been working as a financial/crypto market journalist since 2013. He is an information technology graduate, a cryptography junkie, a filmmaking enthusiast, and an avid reader of Jon Erickson, Agatha Christie, JK Rowling, and Isaac Asimov.

Related Posts

50% of Bitcoin hashrate Controlled by Two Mining Pools

Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools

4 hours ago
bitcoin S&p 500

Why The S&P 500 Could Help Send Bitcoin Soaring Higher

3 days ago
Bitcoin

Bitcoin Drops To $26K As Crypto Sell-Off Continues – Will The Slide Approach $25K?

9 months ago
Bitcoin price

Bitcoin Price Nosedives As Russian Missiles Strike Ukraine’s Cities

11 months ago
Crypto mining

Former Soviet Republic Is Primed For Crypto Mining, Despite Its Burgeoning Power Deficit

11 months ago
European Markets Regulator Urges The EU To Ban Proof-of-Work Bitcoin Mining

European Markets Regulator Urges The EU To Ban Proof-of-Work Bitcoin Mining

1 year ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Is Aptos (APT), Solana (SOL), or Snowfall Protocol (SNW)...

    9 hours ago
  • Hector Network launches its NFT marketplace on Fantom...

    9 hours ago
  • Fantom (FTM) launches ecosystem vault to finance dApp...

    9 hours ago
  • Esports Driving the Advancement of Cryptocurrency in Sports...

    23 hours ago
  • Connecting the dots on $PAW. Is Ryoshi back?

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.