Mike McGlone weighed in on Bitcoin’s performance, with 2022 potentially setting the stage for the return of risk assets due to soaring inflation, rising interest rates and the Ukraine crisis, marking another milestone in Bitcoin’s maturation.
Earlier this year, the NFT market was flooded with new capital and teams, gaming companies, tech giants, and more. The fashion and sneaker businesses are betting on NFTs as the next big tech product.
On March 17, the Federal Reserve raised the benchmark interest rate 25 basis points to 0.25%-0.50%, the first rate hike since December 2018, in line with market expectations.
On March 15, ConsenSys, an Ethereum infrastructure developer, completed a $450 million Series D financing at $7 billion. ParaFiCapital Leading Investments New investments include Temasek, SoftBank Vision Fund Phase II, Microsoft, AnthosCapital, SoundVentures and CVentures.
Everything went up in price except your salary. It means your money is depreciating.
That's why so much money flows into real estate, stock markets and crypto markets.