Ke The Daily Hodl - 6 likhoeli tse fetileng - Nako ea ho bala: Metsotso e 2
BTC le Khauta li Tla Nyoloha 'Hangata' Haeba Fed Pivot e Baka Ho theoha ho Hoholo ha Moruo le Stagflation: Setsebi sa moruo Peter St Onge
Heritage Foundation think tank economist Peter St Onge says that economic stagnation and high inflation could positively impact Bitcoin (BTC) and gold.
In a new interview on Kitco News, the economist o re: that periods of stagflation have traditionally “been very, very good for hard assets.”
A period of stagflation is characterized by high or rising inflation rates, slowing economic growth, and high unemployment levels.
“I would be surprised if Bitcoin didn’t go up a lot if we get into this sort of a stagflationary trap where we’re following that 1970s pattern that was kind of like a Camel’s hump (because it went up once, came down and came back up again).”
On how high Bitcoin could appreciate, Peter St Onge says,
“Gold went up six-fold in the 1970s – actually during the entire decade I think it went more than that, silver was up seven-fold. And so at that point, it’s kind of an interesting parlor game to ask – well, Bitcoin usually moves a lot more than gold and so if we get this sort of second wind on the stagflation and gold soars, what happens to Bitcoin?
I’m very excited to see what exactly happens there but I would be surprised unless Bitcoin went up a lot as well.”
According to the Heritage Foundation economist, the Federal Reserve’s actions will be the telltale signs of the economic outlook.
“If we get to a point where inflation is still going yet the Fed starts cutting, that is where that death cross comes in. That’s where you would get really concerned because you would say, ‘Wait, so the inflation job is not done but you guys just gave up on the tools that they use to fight inflation?’. So that basically tells you, ‘Okay, so you’re afraid of something bigger?’
And specifically, what they would be afraid of is some sort of massive, maybe not a depression but a severe recession. Something like the 2008 crisis.”
I
U se ke Ua Lahleheloa ke Beat - Subscribe ho fumana litlhokomeliso tsa lengolo-tsoibila ka kotloloho ho inbox ea hauSheba theko Action
Latela re ka Twitter, Facebook 'me thelekramo
lefilo Motsoako oa Daily Hodl
Lekola lihlooho tsa litaba tsa moraorao
Boitlhotlhollo: Maikutlo a hlahisitsoeng ho The Daily Hodl ha se likeletso tsa ho tsetela. Batseteli ba lokela ho ikitlaetsa pele ba etsa matsete a nang le kotsi e kholo ho Bitcoin, cryptocurrency kapa thepa ea dijithale. Ka kopo o eletsoe hore liphetisetso le mesebetsi ea hau li kotsing ea hao, 'me ho lahleheloa ke eng kapa eng eo u ka bang le eona ke boikarabello ba hau. Daily Hodl ha e khothaletse ho rekoa kapa ho rekisoa ha li-cryptocurrensets kapa thepa ea dijithale, ebile The Daily Hodl ha se moeletsi oa matsete. Ka kopo hlokomela hore The Daily Hodl e nka karolo papatsong e kopanetsoeng.
Setšoantšo se Hlahiloeng: DALLE-3
Potso BTC le Khauta li Tla Nyoloha 'Hangata' Haeba Fed Pivot e Baka Ho theoha ho Hoholo ha Moruo le Stagflation: Setsebi sa moruo Peter St Onge e hlahile pele ho Daily Hodl.
Mohloli oa pele: Daily Hodl