Million-Dollar Bitcoin Bet, Crisis Warnings Abound: Week in Review
•Venture capitalist Balaji Srinivasan is making million-dollar bets that the price of bitcoin will reach $1M in 90 days, citing hyperinflation. •Economist Peter Schiff warned of a worse financial crisis than 2008, while economist David Rosenberg warned of an impending recession. • Bitcoin’s ordinal inscriptions have surpassed 500,000 as miners earned $2.66 million in added…
Burry, Kiyosaki, Frank: Banking Crisis, ‚Fake Money‘ Injections & ‚Anti-Crypto‘ Agenda
• Michael Burry compared the current banking crisis to the Panic of 1907. • Robert Kiyosaki advocated buying more bitcoin, gold, and silver. • Credit Suisse received a 50 billion Swiss franc bailout from the Swiss National Bank. Burry on Banking Crisis Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis —…
Extreme Turbulence: Warren Blamed, SVB Collapses, Markets Move, and More
• U.S. Senator Elizabeth Warren blamed the Silvergate Bank’s liquidation on „crypto risk“ which was criticized as „terribly misinformed“. • U.S Regulators closed Silicon Valley Bank after reports of a bank run and other troubles. • Ethereum co-founder Vitalik Buterin’s address allegedly sold trillions of airdropped ERC20 tokens, causing negative price moves, and India-Russia oil…
AI Crypto Assets Surge: Peter Schiff Warns of Economic Collapse
• Economist and gold enthusiast Peter Schiff has warned that the U.S. Fed may have to fight a “complete economic collapse” in order to battle inflation. • SEC Chairman Gary Gensler has explained why he views all crypto tokens other than bitcoin as securities. • Artificial intelligence (AI) crypto assets have seen a surge recently,…