Another spicy week of crypto news kicks off the weekend, with Mexico’s third-richest billionaire advising to “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary , predicting that bitcoin mining will “save the world”, with Bitcoin.com News noting uncanny similarities between the current big monetary shift and the creation of the US Federal Reserve, and the SHIB achieving notable burn statistics. Without further ado, here is your succinct summary of the hottest crypto news of the week, Bitcoin.com News Week in Review.
Buy Bitcoin, “Save Your Skin” – Mexico’s Third Richest Billionaire
Mexico’s third richest billionaire, Ricardo Salinas Pliego, shared his experience of hyperinflation. He warned that the United States and several other civilized countries are “going down exactly the same path” that his country took in the 1980s. He warned: “The bad news is that the United States, Japan, the Kingdom United and the euroblock – they follow exactly the same path that my country took in the 1980s.”
The Uncanny Similarities Between Today’s Big Currency Shift and the Federal Reserve System’s Panic-Triggered Creation
While many Americans believe that the US Federal Reserve is the guardian of the country’s monetary system, it is also believed to be one of the worst financial institutions ever created. In 2022, amidst a sluggish economy, war, and a number of global crises, the possibility of a great monetary shift has increased.
Kevin O’Leary Predicts Trillions of Dollars Will Flood Crypto – Says Bitcoin Mining ‘Will Save the World’
Shark Tank star Kevin O’Leary aka Mr. Wonderful has predicted that trillions of dollars will go into cryptocurrencies, especially bitcoin. Additionally, he said bitcoin mining would “save the world.”
Shiba Inu burn rate reaches 26,000%, 1.4 billion SHIBs burned in 24 hours
Last Saturday, the second largest meme-based cryptocurrency, shiba inu, saw a lot of tokens burned. According to statistics, the burn rate of the network increased by 26,592%, with 1.4 billion SHIBs destroyed in 24 hours.
What do you think? Will bitcoin save your skin from hyperinflation and can bitcoin mining save the world? Will the panic felt globally contribute again to something akin to the creation of the Federal Reserve? Let us know your thoughts in the comments section below.
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