With an economic recession upon us due to nearly all economic activity halted by the coronavirus outbreak, economists, investors, and more are recommending people move their money into hard assets like gold, real estate, or Bitcoin in an attempt to weather the coming storm. Gold has an extremely limited supply, and its use as Read more…
Governments around the world are careening toward a period of dramatic spending. The U.S. Federal Reserve announced another $2.3 trillion in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England announced it would likely extend billions of pounds to directly finance the government’s crisis response. All this inspires inflation concerns around the Read more…
The United States Federal Reserve has suggested it could print unlimited money. Here’s what that means for Bitcoin. President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said that the Federal Reserve has an “infinite amount of cash”—in response to worries over the stock market collapse. Speaking on 60 Read more…