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Standard Chartered predicts $120K Bitcoin by the end of 2024, days after Hong Kong asked it to go pro-crypto
Standard Chartered has expressed confidence that Bitcoin will soar in price in 2024. It expects the coin to hit $50K in 2023 and $120K in 2024. Its analysis expects miners to hold more of their supply and fewer coins to be available in the market.
China reports flat CPI YoY and PPI fall by 5.4% in June
China has been one of the strongest economies in the world in the ongoing financial crisis, and it still sends relatively strong economic data. Its CPI remained flat in June, but the PPI has fallen to the lowest levels since 2016.
US Treasury Secretary Janet Yellen becomes second U.S. Cabinet member to visit China in a month
US’s Janet Yellen is in China for bilateral business talks as the relations between the two countries have become sour recently. Yellen is now the second member of the U.S. Cabinet to visit the Asian super economy in a month, among high-profile visitors who have been there for business purposes like Elon Musk and Apple’s Tim Cook.
Balaji Srinivasan: De-dollarisation is decentralization
Balaji Srinivasan has reflected on central banks buying gold as fiat money continues to weaken globally as economic factions grow, showing worrying times ahead that inflation may continue for a while longer. He claims that the cited central bankers are relocating funds from riskier investments as a strategy to brace against a de-dollarisation impact.
Adam Back: If an upgrade improves Bitcoin’s bandwidth, storage, and CPU cost of pool full nodes to be 10X higher than fullnodes while upholding security, its a yes
Adam Back is open to seeing Bitcoin get a network upgrade that could increase its bandwidth and storage and push the CPU cost of a pool (or solo/stratum v2) full nodes to be 10X higher than full nodes while ensuring that the Bitcoin validating nodes remain unaffected.
Fuel-Saving Strategies: A Comprehensive Guide to Minimizing Gas Consumption and Saving Money
With fuel costs representing a significant portion of household budgets, finding ways to save on gas consumption can make a notable difference in overall expenses.