Fiat Fatty

How far is the influence of miners on the fall in the price of bitcoin? Key facts: Miners mobilize 5.5% of the total funds that enter exchanges. Binance and Huobi are the largest recipients of transfers from miners. The activity of bitcoin miners is so little known that it is often surrounded by stories and claims, mostly based on popular beliefs. One of them points out...

'Dr. Doom' economist Nouriel Roubini says bitcoin is not a hedge against inflation and investors are 'feeding the bubble' Nouriel Roubini said bitcoin is not a hedge against inflation or tail risk, but rather a 'pseudo-asset' pumped by 'massive manipulation.'

'Retail suckers' with FOMO will eventually get crushed on Bitcoin, says Roubini 'The reality is nobody knows what the value of this pseudo-asset is. It doesn’t have any value cause it doesn’t have any income, doesn’t have any use, doesn’t have any utility. So it’s a speculative play on a bubble that is self-fulfilling,' says Roubini.

Economists Warn We Can’t Keep Ignoring the National Debt Forever | Brad Polumbo Amid blowout COVID-19 spending, the federal government continues to fall deeper into the red at a dramatically accelerating rate. Free-market economists interviewed by FEE warned that we can’t continue like this forever without grave consequences.