Bitcoin Successfully Absorbs Record Inflation Numbers From March – Forbes

Although crypto markets did not perform as we all hoped over the last few days, this has been one of the weeks that reminds me why I fell in love with this industry years ago.

Last year a record eight startups made the cut, including the crypto bank BlockFi, custodian Anchorage, and crypto exchange Kraken.

That trend has only continued into the year, with just today Pantera disclosing the raise of a $1.3 billion fund.

This is going to be the hardest year yet to cut the list down to 50, and we may even need to do an article on the firms that were among the final cuts.

As expected, the March CPI came in at a massive 8.5%, slightly beating collective analyst expectations of 8.4%, and once again the highest in 40 years.

That said, I wanted to bring in an outside opinion regarding this week’s movement and get a sense of what to expect moving forward, so I posed a few questions to Marcello Mari, CEO of the crypto investment platform SingularityDAO.

The market was pricing in higher inflation and the more the CPI increases, the more aggressive the Federal Reserve is going to be in hiking interest rates.

I see them moving based on macro influences, and macro influences are being driven by inflation numbers and Federal Reserve rate hike expectations.

If there is a change in inflation readings and therefore a change in monetary policy, that would be very bullish, or if there is a significant crypto related catalyst, which is just related to cryptos, then that would turn me bullish.

As you can see, it had a positive impact on each of these tokens, with COMP up almost 20% since the announcement.

One of the missions of this research service is to give you advanced notice of tokens that are being poised to grow, and getting into the assets before they get exposure to millions of new potential investors is a great way to grow your wealth.

This does not seem like a big delay, and the community and prices of ether or any of its competitors do not seem to have reacted in a significant way, so overall it looks like things are going well.

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