Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,” Bitcoin.com News noting eerie similarities between the current great monetary shift and the creation of the U.S. Federal Reserve, and SHIB achieving some notable burn statistics. Without further ado, this is your bite-sized digest of the week’s hottest crypto news, the Bitcoin.com News Week in Review.
Buy Bitcoin, ‘Save Your Skin’ — Mexico’s Third Richest Billionaire
Ricardo Salinas Pliego (Mexico’s third-richest billionaire) has openedly shared the experiences of being a hyperinflation sufferer. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. He warned: “The bad news is that the U.S., and Japan, and the U.K., and the euroblock — they are going exactly the same route my country went in the 80s.”
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The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System
While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, it’s also believed to be one of the worst financial institutions ever created. The possibility of an enormous monetary shift is possible in 2022 amid global crisis, a depressed economy and war.
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Kevin O’Leary Predicts Trillions of Dollars Will Flood Into Crypto — Says Bitcoin Mining Will ‘Save the World’
Shark Tank star Kevin O’Leary, aka Mr. Amazing predicts that trillions will flow into crypto currencies, specifically bitcoin. In addition, he said bitcoin mining will “save the world.”
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2.6% Burn rate for Shiba Inu, and 1.42 Billion SHIB in just 24 Hours
The second largest meme-based cryptocurrency, Shiba Inu, saw a large number of tokens being burned last Saturday. According to statistics, the network’s burn rate increased by 26,592%, with 1.4 billion SHIB destroyed in 24 hours.
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Let us know what you think. What do you think? Will Bitcoin save us from hyperinflation, or can we save the entire world by mining bitcoins? Are global panics going to lead to the creation or re-creation of the Federal Reserve? Please share your views with us in the comments below.
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