Tag: monetary policy

Bitcoin failed to hold $22,000 as declines in energy prices drove down U.S. CPI less than expected to 8.3% in August; all other sectors rose MoM.Inflation fell to 8.3%, marking the second consecutive month of falling CPI reports. Every sector witnessed increased MoM inflation, except the energy sector which tilted the report.Bitcoin plunged below the $22,000 support level following the...

When fiat money’s music finally stops, the inflationary pressure must go somewhere — and to bitcoin, the hardest asset, it will go.This is an opinion editorial by Dan, cohost of the Blue Collar Bitcoin Podcast.Series ContentsPart 1: Fiat Plumbing IntroductionBusted PipesThe Reserve Currency ComplicationThe Cantillon Conundrum...

The CEO of Binance, Changpeng Zhao, recently embarked on a policy visit to West Africa. Binance disclosed this on Thursday in a statement shared with Finance Magnates.During the tour, the founder of the world’s largest cryptocurrency exchange met with Presidents Alassane Ouattara of Ivory Coast and Macky Sall of Senegal. Zhao reiterated the exchange’s commitment to partnering with policymakers in...

Understanding the monetary system is foundational to seeing what’s wrong with the current system and to have a true grasp of Bitcoin and its importance.“If you want to make an apple pie from scratch, you must first invent the universe.” – Carl SaganAmong the first objections that arise for anyone who has just learned about Bitcoin is “this is too complicated...

By freezing accounts of everyday citizens, the Canadian government demonstrated the necessity of Bitcoin. Russia is learning the same lesson through U.S. sanctions.In early 2022, in a short period of time, Canadian truckers went from being a “fringe minority” to being so...

A senior spokesperson of the International Monetary Fund (IMF) highlighted India’s preference to regulate crypto assets and ranked this issue as a medium-term priority. Tobias Adrian, the Financial Counselor and Director of IMF’s Monetary and Capital Market Department, explained IMF’s point of view on India as “a fairly positive one” and stated:...

Bitcoin is a contender to replace inferior monetary defensive protocols in order to maximize the protection of individual rights.Bitcoin has the potential to challenge 18th-century monetary defensive protocols as a 21st- century modern monetary defense protocol (MMDP) alternative. For starters, the purpose of any defensive protocol is to provide natural barriers which are designed to increase safety and maximize...

Bitcoin short squeeze boosts the price while risk assets trade as if maximum fear and uncertainty are priced in after the declarations of war.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Bitcoin’s monetary policy returns Americans to an environment that rewards hard work, incentivizes saving and makes life attainable.What Is Happening To The American Dream?You are a financially responsible person, and a hard working one, at that. You study and prepare for all of your youth, eventually graduating high school. This is very exciting, as you are the first in your family...

Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules.Chief executives of large cryptocurrency firms appeared before Congress Wednesday to testify and answer questions about their products and services and the Bitcoin market in general as lawmakers struggle to bring the market within public policy and regulatory frameworks.“Several questions...

Central bank interventions in the monetary system - from lowering interest rates to printing money - do not change peoples’ saving and spending behavior: They only redirect it.We live in a highly politicized world today - we spite our neighbors, refuse to watch certain news channels, and increasingly ignore any information which counters our own preconceived views. Our wealth gap in the...

An examination of data that supports the increasingly discussed monetary replacement of the century — hyperbitcoinization.IntroductionThe widespread adoption of bitcoin is a topic that has raised immense expectations for change to monetary systems, governments, and society in general. Over the years, bitcoiners have fiercely defended their belief that bitcoin represents a superior form of money and...

Understanding Bitcoin is a process, and involves an understanding of money itself. It is my contention that an individual's certainty of the inevitable success of the Bitcoin protocol is asymptotically correlated to...

This essay addresses a history of dollar domination fabricated by the war machine that is the United States.AbstractThe United States dollar dominates world commerce. In 2019, it made up 88% of global trade, and no other currencies came close. This dominance gave the United States power over any other country that exports anything from anywhere. For example, due to the mechanics...

The current metrics and systems posed by the federal reserve are designed to beguile and disguise the reality of money.A look at how the people in power may have more in common with a jewel beetle than you'd initially expect and how bitcoin may have the answer.In this article, we touch on: ● Why the government and the Federal Reserve are...

Bitcoin, being sound money capable of long-term wealth storage, returns the responsibility of saving to the people.Rule IV: Notice That Bitcoin Lurks Where Monetary Responsibility Has Been AbdicatedA reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin.PrefaceThis writing mirrors the exact chronological structure of...

The modern practice of inflationary monetary policies has drastic, wide- reaching effects on the economy.Over the last 40 years, monetary policy has caused interest rates to decline from a high of around 20% down to the zero bound. During the same period, the U.S. dollar (USD) money supply has expanded at a rate never before seen in modern history and asset prices in...

The constant adjustments to the measuring stick of inflation mislead and confuse those looking for a sound store of value.Below is the definition of the Consumer Price Index (CPI) by the U.S. Bureau of Labor Statistics:“The CPI represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and...

The nation and world are on the brink, awaiting official Electoral College votes to be cast on December 14, despite convincing conjectural consensus on the champion. But either way, 2020’s highly-contested U.S. presidential election reminds us...

A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status.