Hyperinflation

Iran approved a monetary overhaul Sunday to remove four zeros from the nation’s currency following years of high inflation. Iranian Rial Undergoes Redenomination The Iranian Parliament sanctioned a monetary reform that will phase out four zeros from the country’s national currency...

To address severe inflation and currency devaluation, Argentina under President Javier Milei, known for his pro-Bitcoin (CRYPTO: BTC) stance, has introduced 10,000 peso notes. The new bills, worth approximately $11, are expected to alleviate the burden of carrying large amounts of cash. What...

Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” on Sunday urged individuals to invest in Bitcoin (CRYPTO: BTC)  and traditional assets as a safeguard against potential economic challenges. What Happened: Kiyosaki in a tweet on X said, “Many people think...

Balaji Srinivasan, the former CTO at Coinbase (NASDAQ:COIN), has closed out his $1 million bet on Bitcoin (CRYPTO: BTC), conceding defeat as the apex cryptocurrency has declined 97% below the target price. What Happened: Srinivasan has, instead, donated a total of $1.5 million to three different...

Ark Investment Management CEO Cathie Wood agrees with Coinbase Global Inc.’s (NASDAQ:COIN) former CTO Balaji Srinivasan‘s bullish forecast for Bitcoin (CRYPTO: BTC) but proposes a different timeline. What Happened: In a Friday episode of Ark Invest’s podcast, Srinivasan reiterated...

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance. Leaders say a blanket ban...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...

One common explanation for why Treasury yields have fallen the last few months is that inflation risks have peaked. In terms of the magnitude of possible inflation, that seems logical; i.e., peak inflation will prove to be the 5% CPI we’re expecting for June, which likely marked the apex of...

Futures Drop on Cliff Fears U.S. equity futures fell in early Friday trade as indications that leaders will return early were not enough to restore confidence that a deal can be reached to avoid the Fiscal Cliff. Now, it appears likely that a deal will be reached to push the tough decisions into...