Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,” Bitcoin.com News noting eerie similarities between the current great monetary shift and the creation of the U.S. Federal Reserve, and SHIB achieving some notable burn statistics. Here’s your digest of the most important crypto news this week, the Bitcoin.com News Week in Review.
Buy Bitcoin, ‘Save Your Skin’ — Mexico’s Third Richest Billionaire
Ricardo Salinas Pliego is the third-richest Mexican billionaire. He shared his experiences with hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. He warned: “The bad news is that the U.S., and Japan, and the U.K., and the euroblock — they are going exactly the same route my country went in the 80s.”
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The Eerie Similarities between Today’s Great Monetary Shift & the Panic-Led Creation Of the Federal Reserve System
While many Americans believe that the U.S. Federal Reserve acts as the caretaker for the country’s money system, they also believe it to be one the most corrupt financial institutions. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift has increased.
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Kevin O’Leary predicts that trillions of dollars will flood into Crypto — Bitcoin Mining Will ‘Save The World ‘
Shark Tank star Kevin O’Leary, aka Mr. Wonderful predicted that billions of dollars would flow into cryptocurrency, especially bitcoin. He also predicted that bitcoin mining would “save the .”
world.”
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Shiba Inu Burn Rate Hits 26,000%, 1.4 Billion SHIB Burned in 24 Hours
Last Saturday saw a lot more tokens being burned by shiba Inu, the second largest meme-based cryptocurrency. According to statistics, the network’s burn rate increased by 26,592%, with 1.4 billion SHIB destroyed in 24 hours.
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Bitcoin, BTC, Burn, Economic Crisis, Federal Reserve, inflation, kevin o’leary, Monetary Shift, Shark Tank, shib, shiba inu, WEF
What do you think? Is bitcoin going to save you from hyperinflation? Can bitcoin mining save the planet? Are global panics going to lead to something similar to the creation and expansion of the Federal Reserve? We’d love to hear your comments in the section below.
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