Binance Square
LIVE
LIVE
Kamlesh_Rawat
Bullish
--354 views
BlackRock Uses Bitcoin as Inflation Hedge as USD Worries The search results indicate that BlackRock, a $10 trillion asset manager, has started using Bitcoin as an inflation hedge against the U.S. dollar. This move is seen as a response to concerns about inflation and the potential devaluation of the U.S. dollar. BlackRock's CEO has also stated that the company aims to democratize crypto and believes that Bitcoin can hedge against inflation and currency devaluation. Bitcoin's long-term performance as an inflation hedge has been positive, with a 150x gain over the past decade, although it had losses in 2022 when inflation was high. BlackRock's investment in Bitcoin as an inflation hedge is part of a broader trend of institutional investors seeking alternative assets to protect against inflation and currency risks. #write2earn🌐💹

BlackRock Uses Bitcoin as Inflation Hedge as USD Worries

The search results indicate that BlackRock, a $10 trillion asset manager, has started using Bitcoin as an inflation hedge against the U.S. dollar. This move is seen as a response to concerns about inflation and the potential devaluation of the U.S. dollar. BlackRock's CEO has also stated that the company aims to democratize crypto and believes that Bitcoin can hedge against inflation and currency devaluation. Bitcoin's long-term performance as an inflation hedge has been positive, with a 150x gain over the past decade, although it had losses in 2022 when inflation was high. BlackRock's investment in Bitcoin as an inflation hedge is part of a broader trend of institutional investors seeking alternative assets to protect against inflation and currency risks.

#write2earn🌐💹

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@Square-Creator-47c030592

Explore More From Creator

How does token burning differ between various cryptocurrencies Token burning differs between various cryptocurrencies in several ways: 1. **Mechanisms**: - **Binance Coin (BNB)**: Binance burns a portion of its tokens based on trading volume, gas fees, token price, and number of blocks produced. - **XRP**: XRP destroys a small amount of tokens with each transaction and has the option to burn millions of tokens held in escrow. - **Chiliz (CHZ)**: Chiliz implemented a token burn mechanism to reduce inflation in the short and long terms. 2. **Frequency and Schedules**: - **Binance Coin (BNB)**: Binance burns tokens regularly, but the exact schedule is not publicly disclosed. - **XRP**: XRP burns tokens with each transaction, but the frequency and amount are not fixed. 3. **Environmental Impact**: - **Proof of Burn (PoB)**: While considered energy-efficient, some coin burning methods may contribute to increased energy consumption, leading to environmental concerns. 4. **Community Involvement**: - **Community-driven**: Token burning is often a community effort, where individual holders burn tokens to positively impact the price. 5. **Use Cases**: - **Stablecoins**: Stablecoins like USDC and USDT use token burning to issue and redeem stablecoin tokens, maintaining a stable and accurate backing ratio. - **Wrapped Tokens**: Wrapped tokens like WETH and WBTC use token burning to lock up and redeem coins for use on different blockchains. These differences highlight the unique approaches and strategies employed by various cryptocurrencies to manage their token supplies and potentially boost their values. #bitcoin #altcoins #ETHETFsApproved #CPIAlert
--
Factors affecting IO token price There are several key factors that can affect the price of the IO token: 1. **Adoption and usage of the io.net platform**: As more machine learning engineers and developers utilize the io.net decentralized computing network, demand for the IO token to pay for compute resources and transactions is likely to increase, putting upward pressure on the price. 2. **Circulating supply**: The current circulating supply of IO tokens is not reported, but the total max supply is 800 million tokens. If the circulating supply remains limited compared to demand, this can drive up the price. 3. **Sentiment and speculation**: As with most cryptocurrencies, sentiment and speculation in the market can significantly impact IO's price in the short-term. Positive news, partnerships, or hype around the project may lead to price increases. 4. **Broader cryptocurrency market conditions**: The price of IO is likely correlated to some degree with the overall cryptocurrency market. If Bitcoin and Ethereum rise, IO may follow. Conversely, a prolonged bear market could put downward pressure on the IO token price. 5. **Regulatory environment**: Unfavorable regulatory changes or crackdowns on cryptocurrencies could negatively impact the price of IO and other digital assets. In summary, while it's impossible to accurately predict the price of IO in 5 years, the token's value will be driven by real-world adoption of the io.net platform, the token's supply dynamics, market sentiment, and the broader regulatory and economic environment for cryptocurrencies. $IO #TopCoinsJune2024 #Write2Earn!
--
Professional traders use a variety of tools to improve their analysis skills and make informed trading decisions. Here are some of the best tools for professional traders: Trading Central : This tool uses standard technical analysis methodologies to automatically evaluate price activity and detect classic chart patterns. It provides technical event alerts and is integrated into popular trading platforms. eSignal : This tool is excellent for chart analysis and signal generation. It includes technical analysis studies, backtesting of trading techniques, customizable charting, and data from global exchanges. It is available in three editions, each with different features and pricing. MS Algo : This tool overlays financial charts with buy and sell signals and provides escape signals. It is designed to deliver precise buy, sell, exit, and take profit signals and is available on TradingView. Stock Rover : This tool provides high-quality research tools, instructional information, and expert analysis. It includes over 650 screening criteria and is available in four plan tiers. TradingView : This tool offers a robust stock screener, charting platform, and research powerhouse. It includes a mobile app, diverse screening criteria, and custom scripts. It is one of the most comprehensive research centers on the internet. Lightspeed Financial Broker : This broker provides direct access routing, fast executions, and hot keys, making it suitable for active day traders. Warrior Trading Scanners : These scanners help identify stocks that are likely to make big moves based on gap and go and momentum trading strategies. Warrior Charts : These charts are designed for high-quality charting and are part of the Warrior Trading software suite. DAS Trader Pro : This platform includes risk management tools, such as coding your own risk management rules and a "max-loss" feature to prevent account blowouts. Nate Michaud's Market Scanner : This scanner is designed for market analysis and is part of the InvestorsUnderground.com community. #Write2Earn!
--
Here are some key secrets of professional traders: 1. **Position sizing is inversely proportional to risk**. Professionals size their positions based on the risk of each trade, using larger sizes for lower-risk trades and smaller sizes for higher-risk trades. 2. **Maintain discipline and adhere to your trading plan**. Professionals stick to their strategies and rules, even during losing streaks. 3. **Avoid the crowd and make contrarian bets**. Professionals position themselves ahead of or behind the crowd, not with it. They avoid stock chat rooms and boards. 4. **Continuously update your trading plan**. Professionals regularly refine their plans to incorporate new ideas and eliminate outdated ones. 5. **Embrace simplicity and focus on price action**. Professionals keep things simple, focusing on what matters most - the price action. Complex indicators are used to confirm what the price is telling them. 6. **Accept losses as part of the process**. Professionals understand that losses are inevitable and embrace the lessons they provide. They are willing to take breaks when needed. 7. **Separate your trading and personal life**. Professionals maintain a clear separation between their personal and trading activities to avoid interference with their performance. The key difference is that professionals have a well-defined plan, the discipline to execute it, and the ability to properly size their positions based on risk. This allows them to generate consistent profits over the long run. #Write2Earn!
--
Sitemap
Cookie Preferences
Platform T&Cs