NFT News Daily TheBittimes.com

The increase in Inflation in Argentina , despite price controls and regular rate hikes, is a troubling phenomenon. It demonstrates the country’s difficulties in properly managing Inflation ary pressures and sustaining price stability. advertisement The possibility of a return to hyper Inflation , as seen in Argentina just over 30 years ago when 12-month price hikes reached triple digits, raises major concerns about the overall economic condition. Meanwhile, Argentina is hardly the only country boosting interest rates. Recently, the US Federal Reserve raised interest rates by 25 Basis Points in what looks to be a continuing effort to control inflation. Could Bitcoin Be Used to Hedge the Inflation? Following the announcement, there have been reports that the government has plans to unveil a variety of measures to address the country’s inflation and economic issues, such as currency rate interventions and allowing imports to bring down costs. ...

Cointelegraph analyst and writer Marcel Pechman explains how lowering the interest rates in the U.S. will ultimately benefit Bitcoin and the cryptocurrency market. Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. Today’s show starts by discussing the economic crisis in Argentina, a Latin American country that is experiencing hyperinflation. After years of populist measures, its local currency, the peso, saw its value go down by 70% in two years. The government’s overspending caused another issue: a lack of United States dollars for the government and companies to pay for imports and remittances. But what does that mean for the U.S. dollar, Bitcoin (BTC) and gold? According to Pechman, gold poses serious problems, as there is no easy way to ensure whether o...