Dubai: Crypto & Coffee at 8: 🚨 13th Oct 🚨 🟠 Bitcoin Amsterdam 🥶Crypto Winter 🚫 Inflation number today ⚡ 21Shares lists bitcoin ETP on Nasdaq Dubai - a podcast by Blockchain DXB

13th Oct
🟠 Bitcoin Amsterdam 🥶Crypto Winter 🚫 Inflation numbers today at 8:30 am ET

🚨 CPI data is scheduled to be released on October 13, 2022, at 8:30 A.M. Eastern Time. Official info will be available via the Bureau of Labor Statistics website here & Federal Reserve Board chair will go live via YouTube here https://bit.ly/3RPJbFW

❓How will this news impact the price of Bitcoin & Cryptocurrencies?

🔥 CNBC has reported that Stocks rise as investors look ahead to key consumer inflation data. With midterm elections next month it would be really interesting to see what the numbers are. The article also states If inflation stays high, the central bank is more likely to continue its aggressive path of interest rate hikes to bring it back into check. That means rates will continue to rise and may stay high for longer than markets expect Article here https://cnb.cx/3EwqfZU

🚨 Bloomberg LP states US core inflation is seen returning to a 40-Year high as rents rise, they feel the report is expected to keep Fed on the path to a big November rate hike, Info here https://bloom.bg/3yzQbA7

🟧 Where does Bitcoin fit into inflation?
💯 Unfortunately, Bitcoin has failed as a hedge against inflation, Stablecoins though, on the other hand, has acted as a hedge against Inflation for the Fiat world & Crypto world too. Cointelegraph had an interesting article last month that shared reasons why stablecoins are ideal as instruments against inflation. The article shares crucial information on Turkey & Nigeria & Argentina’s inflation numbers & Stablecoins particularly Tether.to USDT. Article here https://bit.ly/3MFRwv7

🤨 Greg Foss though says Bitcoin is a hedge against monetary inflation. At the Bitcoin Amsterdam event, an interesting conversation can be seen via YouTube here https://bit.ly/3ewXTE5. Greg Fos, Jeff Booth, & Dylan LeClair discuss Has Bitcoin’s Inflation Hedge Narrative Failed?

🌆 Bitcoin Amsterdam takes place between 12th -14t of this month. More info here https://bit.ly/3TeC0s6 . Some heavy-duty speakers including Nigel Farage, Former Member of the European Parliament & more at the event. A recap of day 1 can be found here https://bit.ly/3CSy1Mv

🔴Tech info❗
💡Glassnode weekly insights state Bitcoin has been remarkably stable and has gained ground against many assets on a relative scale. The article undertakes a series of studies assessing the behaviour of Whale sized entities & some information on the Accumulation Trend Score. Info here https://bit.ly/3SYd3Bd

💡CoinShares weekly blog via Medium states that 10% of short-Bitcoin outflows last week & Ethereum saw minor outflows totalling US$2.2m last week, highlighting continued hesitancy amongst investors post the Merge. https://bit.ly/3EBiYId

💥 Two UAE news: (See slides below)
⚡ 21Shares lists bitcoin ETP on Nasdaq Dubai
💰 DMCC Crypto Centre members get access to Brinc’s $150 million accelerator fund Brinc MENA

For slides click here: https://bit.ly/3yAUT0s

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