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
The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has
shared his experience of living through hyperinflation. 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.”
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. In 2022, amid a
gloomy economy, war, and a number of global crises, the possibility of a
great monetary shift has increased.
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. Wonderful, has predicted that
trillions of dollars will flow into cryptocurrencies, particularly
bitcoin. In addition, he said bitcoin mining will “save the world.”
Shiba Inu Burn Rate Hits 26,000%, 1.4 Billion SHIB Burned in 24 Hours
Last Saturday, the second-largest meme-based cryptocurrency, shiba
inu, has seen a lot of tokens burned. According to statistics, the
network’s burn rate increased by 26,592%, with 1.4 billion SHIB
destroyed in 24 hours.
