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Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million

On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains…

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Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases

On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the…

Continue ReadingFed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases

Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected

The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused…

Continue ReadingInvestors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected

Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate

On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later,…

Continue ReadingPrice of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate