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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. ...

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and wealth seizure.” Balaji Srinivasan: Hyperinflation Is Here Venture capitalist Balaji Srinivasan believes that hyper inflation is happening now. Srinivasan is an angel investor, tech founder, and a Wall Street Journal bestselling author. He formerly served as the CTO of crypto exchange Coinbase and was a general partner at venture capital firm Andreessen Horowitz (A16z). Commenting on a tweet made by former Twitter CEO Jack Dorsey in October 2021 stating that hyperinflation will happen “soon” and will “change everything,” Srinivasan tweeted Friday, “Jack is right.” He emphasi...

Bitcoin retains higher levels after gaining 40% or more this month, but concerns of a BTC price correction are never far away. Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months.  Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants. This is no mean feat — market sentiment has plenty to spook it and initiate a rethink among investors. Macro conditions remain uncertain, while within Bitcoin, research has highlighted whales on exchanges potentially moving prices artificially with huge amounts of liquidity. Nonetheless, Bitcoin has seen its most impressive gains percentage-wise in over a year, and hopes remain that the good times will endure. What could that depend on? Cointelegraph takes a look at some of the major factors to keep in mind as a January unlike any other draws to a close. Bitcoin analysts bank on "continuation" to come It is...