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98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study

The survey results coincide with U.S. inflation climbing to the highest levels since 1992. Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found.Intertrust Global — an international trust and corporate management company — polled the chief financial officers of 100 hedge funds globally about their intention to purchase crypto-assets. About 98% of them responded that they expect their hedge funds to invest 7.2% of their assets in cryptocurrencies by 2026.The survey found that a 7.2% investment into the cryptocurrency sector would equal about $312…

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Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century

It's grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. Bitcoin (BTC) gained more free publicity this week as inflation data showed that prices are rising faster than even experts had anticipated.The latest Consumer Price Index (CPI) report on June 10 from the United States Bureau of Labor Statistics (BLS) also revealed that hourly average earnings for United States workers are at their lowest this century.Inflation returns to 2008 levelsOne of Bitcoin's best friends is inflation. Its inherently deflationary nature allows its users to save for the future without worrying that inflation is eradicating…

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Coalition of US Senators Press President Biden for a Fourth Round of Stimulus Checks

While Americans are still getting their third stimulus payments, discussions of tacking on a fourth round of direct payments to Joe Biden’s trillion-dollar infrastructure proposal have started trending. Just recently, a coalition led by Senate Finance Chair Ron Wyden and over a dozen Democratic leaders wrote a letter to President Biden asking to get “much-needed relief to American families.” A Coalition of American Bureaucrats Want More Stimulus Payments Distributed Senate Finance Chair Ron Wyden and 21 Democratic senators want U.S. President Joe Biden to initiate a fourth round of stimulus payments. The last stimulus payments of $1,400 per individual and…

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Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing

Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling pressure over the last few trading sessions as it attempts to close above $60,000. The flagship cryptocurrency trades $1,500 lower from its previous all-time high level, near $61,778 (data from Coinbase). Despite positive fundamentals, led by Goldman Sachs and Morgan Stanley’s decision to offer bitcoin-enabled investment services to their wealthy clients, BTC/USD bulls remain cautious against a rising US dollar.…

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Catch Emirati-supported Crypto Price Index’s Hotbit Exchange Listing on 15th July 2020

Bitcoin Press Release: Crypto Price Index have announced details of their CPI token sale, which launches on HotBit exchange on 15th July 2020.   14th July 2020, ST. JULIAN’S, MALTA – 2020 has brought with it a host of challenges and opportunities, not least within the crypto markets, where we have seen a rollercoaster of peaks and troughs reminiscent of the great crypto rush of 2017. Now, with market sentiment rising, and BTC pushing the 10,000 USD range, we are once again looking to innovative projects to usher in the new age of prosperity that could be just around the…

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