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Bitcoin delivered its eighth straight week of losses for investors for the first time in its history amid weak macroeconomic sentiment, inflation concerns, systemic risk from within the crypto industry, and the lack of immediate catalysts that could drive upside growth.
Prices were at $30,272, after falling as low as $28,700 earlier in the week. Bitcoin last saw a positive week of gains in mid-March as prices jumped from $41,000 to $46,000. It has slid every week since then, falling nearly 60% from November highs of just over $69,000.
In today’s video, Bitcoin maximalist and the host of Orange Pill Podcast Max Keiser updates about Bitcoin’s role in solving the centralization vs. decentralization conflict, the collapse of fiat currencies and how Bitcoin adoption can help US to reassert its presence as a top economy.
Make sure to stick around till the end of this video where Max Keiser predicts what’s going to play out next in the middle of this inflation bubble, and why it’s better to opt out of the centralized system.
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CREDITS:
Link: https://www.youtube.com/watch?v=hRQwYN5owkE
Title: Microdosing 40 TONS OF BABY FORMULA
Channel: ORANGE PILL: A BITCOIN PODCAST
Date: 24 th May, 2022
? Check out my channel about finance and business stories:
? https://www.youtube.com/c/WealthProfessor
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? https://www.youtube.com/c/Futurverse
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#Bitcoin #Ethereum #MaxKeiser
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? Hey, I’m Gio. I spend countless hours every day learning and watching videos about crypto and the world economy. I realized how difficult it is to find useful content in a sea of noise, so I teamed up with some skilled friends and started my own YouTube channel. Wealthy Value is a place where we share what we’re learning about crypto, finance, and value creation.
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Join us on our journey to the future of value.
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