Why HODLing Is Hobbling Bitcoin’s Prospects as a Common Currency
Bitcoin’s appeal as an investment could diminish its effectiveness as a currency, and alternative models should be tested, writes Michael Casey.
Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.
This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.
Inflation remains a key focus, according to a survey of global investors, although risk of a "Fed taper" appears low.
The narrative that inflation arising from the massive coronavirus stimulus efforts would lead to a long-term rise in bitcoin's price is looking weak with new data from the Federal Reserve.
Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation.