Oil prices are rising, gold is becoming more valuable – inflation as far as the eye can see. Concerns about a phase of stagflation like the one in the 1970s have been around for a long time. While gold had performed exceptionally well at the time, the signs from Bitcoin (BTC) are likely to be less rosy.
A look at Bitcoin fundamentals shows that digital gold has yet to overtake its physical counterpart as the number one crisis currency. Above all, the hash rate is losing a lot these days. What happens now?
The NFT market also reported a strong correction for the first time in a long time. What is the reason for the 70 percent drop in trading volume? open sea fasten? What’s next for the NFT market?
That and more in Episode 104 of the BTC-ECHO Recap Podcast.