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NASDAQ-Listed Company Purchased $250M In BTC As Inflation Hedge

A NASDAQ-listed company has just purchased $250 million in Bitcoin as a part of their asset allocation strategy and to have a hedge against the upcoming inflation. In our latest Bitcoin news, we find out more. Microstrategy, the NASDAQ-listed company, bought Bitcoin as a part of its planned capital allocation strategy. According to an official press release, the company purchased 21,454 BTC at $250 million and stated that the number one cryptocurrency is seen as an investment asset and will be the first main reserve in its treasury. The company’s buying bitcoin came after an earlier statement made in late…

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Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With Bitcoin

The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including bitcoin. Fed Policies Drive Demand for Bitcoin The Federal Reserve is completing a year-long policy review and “is expected to make a major commitment to ramping up inflation soon,” CNBC reported last week. Investors have been making heavy bets accordingly as evidenced by record-high gold prices, the falling U.S. dollar, and increased demand for Treasury Inflation-Protected Securities (TIPS). The Fed is expected not to raise…

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Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI) Pal made the remarks in a Twitter post on August 6. In the thread, Pal dispels the notion that only gold offsets the dilutive effects of inflation. “Many of us own gold to offset the dilutive effects on fiat currency of the growth in major central bank’s balance sheets. However, the…

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