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Cryptocurrency is likely to die a natural death with its lure ebbing fast as inflation leads to a rise in interest rates and people turn to other assets to invest in, a member of the Prime Minister's Economic Advisory Council (EAC) said.
“Because of inflation, interest rates started to go up, so they (people) began to have other assets to invest in and people started pulling out of cryptocurrencies. I believe that crypto will die its own natural death, just as the tulip mania did as it is no longer attractive unless we again retreat to an extended zero interest rate regime in the advanced economies. It will become a non-issue,” PM-EAC part-time member Rakesh Mohan told Moneycontrol.
#cryptodeath
“Because of inflation, interest rates started to go up, so they (people) began to have other assets to invest in and people started pulling out of cryptocurrencies. I believe that crypto will die its own natural death, just as the tulip mania did as it is no longer attractive unless we again retreat to an extended zero interest rate regime in the advanced economies. It will become a non-issue,” PM-EAC part-time member Rakesh Mohan told Moneycontrol.
#cryptodeath
Dive into the world of crypto – where innovation meets finance. From decentralized finance (DeFi) unlocking new possibilities to the ongoing evolution of blockchain technology, the crypto space is a frontier of endless potential. Stay informed, adapt to market dynamics, and witness the transformative power of digital currencies. Whether you're a seasoned investor or a curious newcomer, the crypto journey is a fascinating exploration of the future of finance. Embrace the revolution, one blockchain at a time. #CryptoRevolution #BlockchainInnovation
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Hey, tech enthusiasts! 🤖 Ready to dive into the world of AIT? We're thrilled to announce an exclusive AIT coin giveaway! 🎉 Embrace the future with free tokens that could kickstart your journey into the realm of artificial intelligence. 🚀💻
How to Participate:
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Crypto Update Alert! 🚀 Market buzz: Altcoins are on the move, experiencing notable gains as investors diversify portfolios. Regulatory developments gain spotlight, shaping the future landscape. Ethereum's gas fees under scrutiny amid scalability solutions. Keep an eye on crypto news as the industry rides the waves of innovation and adaptation. 💼💱 #BlockchainInnovation #AltSeason #BlockchainInnovation
Crypto Chronicle Update 🚀: Bitcoin hits new highs, drawing attention with institutional adoption. Altcoins surge as DeFi and NFT projects innovate rapidly. Regulatory conversations intensify, impacting market sentiment. Stay tuned for the dynamic twists in the crypto saga! 🌐💸 #CryptoUpdate #BitcoinRally #BlockchainInnovation
Crypto Alert! 🌐 Exciting developments unfold: NFT mania continues, with unique digital assets captivating the market. Ethereum's upgrade progresses, aiming for scalability. Watch for regulatory shifts influencing investor confidence. The crypto landscape evolves—stay informed! 💎📈 #CryptoUpdate #NFT s #EthereumUpgrade
Crypto Buzz Update! 🚀 Market momentum surges as Bitcoin breaks resistance, signaling bullish sentiment. Altcoins shine with innovative projects, and NFTs maintain their cultural impact. Regulatory talks heat up, shaping the industry's future. Stay tuned for the evolving crypto narrative! 🌐💰 #CryptoUpdate #BitcoinBullRun #InnovationEra
🚀 Exciting Crypto Update! 🌐 The latest crypto developments showcase a surge in decentralized finance (DeFi) projects, with innovative protocols reshaping the landscape. Notably, NFTs continue to make waves, with artists and creators leveraging blockchain for unique digital assets. Bitcoin maintains its position as a digital gold standard, while Ethereum's transition to Ethereum 2.0 is eagerly anticipated. Stay tuned for the dynamic evolution of the crypto sphere! #CryptoUpdate #ftx #avalanche #ftx $ETH
🚀 Exciting Crypto Update! 🌐 The latest crypto developments showcase a surge in decentralized finance (DeFi) projects, with innovative protocols reshaping the landscape. Notably, NFTs continue to make waves, with artists and creators leveraging blockchain for unique digital assets. Bitcoin maintains its position as a digital gold standard, while Ethereum's transition to Ethereum 2.0 is eagerly anticipated. Stay tuned for the dynamic evolution of the crypto sphere! #cryptonews #BlockchainRevolution #ETHEREUM
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🚨 $USUAL PRE-MARKET ENDS, SPOT TRADING BEGINS! 🚨
Binance is shaking things up by ending USUAL’s pre-market and bringing it to Spot Trading! Ready to trade? Here’s everything you need to know:
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▫️ Spot Trading Opens: Dec 18 at 11:00 UTC
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▫️ Network: Ethereum (0xC444…38E)
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Not financial advice. Trade smart, fam! 🔒
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