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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.
Title: Microdosing 40 TONS OF BABY FORMULA
Channel: ORANGE PILL: A BITCOIN PODCAST
Date: 24 th May, 2022
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