Another spicy week of crypto news heads for the weekend. The third wealthiest millionaire in Mexico advises to “save the skin” from overswelling by buying Bitcoin. Shark Tank star Kevin O’Leary predicts that Bitcoin mining will “save the world.” News noting the eerie similarities between the current major financial shift and the creation of the US Federal Reserve, and SHIB have achieved some notable burn statistics. With no extra hassle, this is your bite-sized digest of this week’s hottest crypto news, reviews of Bitcoin.com Newsweek.
Buy Bitcoin, “Save Your Skin” — Mexico’s Third Wealest Billionaire
Ricardo Salinas Priego, Mexico’s third wealthiest billionaire, shares a living experience through hyperinflation. He warned that the United States and several other civilized nations were “following the exact same route” that his nation took in the 1980s. He warned: “The bad news is the United States, Japan, the United Kingdom, and the Euroblock. These are following exactly the same route that my country did in the 1980s.”
The eerie similarities between today’s massive financial shift and the creation of a panic-led Federal Reserve
Many Americans believe that the US Federal Reserve is the keeper of the country’s monetary system, but it is also considered one of the worst financial institutions ever created. In 2022, a pessimistic economy, war, and many global crises have opened up the possibility of a major financial shift.
Kevin O’Leary predicts trillions of dollars flooding cryptocurrencies — Bitcoin mining “saves the world”
Shark Tank star Kevin O’Leary, also known as Wonderful, predicts that trillions of dollars will flow into cryptocurrencies, especially Bitcoin. In addition, he said Bitcoin mining “saves the world.”
The burning rate of Shiba Inu reached 26,000%, and 1.4 billion SHIB burned in 24 hours.
Last Saturday, Shiba Inu, the second largest meme-based cryptocurrency, saw a lot of tokens burned. According to statistics, the network burn rate increased by 26,592% and 1.4 billion SHIBs were destroyed in 24 hours.
What do you think? Can Bitcoin save your skin from hyperinflation and Bitcoin Mining can save the world? Will the global panic contribute again to something similar to the creation of the Federal Reserve? Please let us know your thoughts in the comments section below.
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