$ 20,517.00
$ 1,184.03
$ 1.00
$ 0.462488
$ 0.333035
$ 1.00

Quantum Fintech Founder: BTC Surge Bolstered by Weakening Dollar

Yeh said that investors should have a more positive attitude towards investing in cryptocurrencies because the inflationary atmosphere provides an excellent advantage over the investment options in the traditional markets.

Quantum Fintech Group founder and managing partner Harry Yeh posited that the devaluation of the US dollar may very well be the booster of the Bitcoin (BTC) price. 

Yeh spoke about the dynamic for Bloomberg Markets and Finance where he stated that the policies of the Federal Reserve are isolating the printing of currency and simultaneously propelling Bitcoin (BTC)

Yeh argues that the introduction of money into the economy is the primary cause of Bitcoin (BTC) being put in the lead as a viable option. He also said that cryptocurrencies have moved past the point of crashing and being unremarkable to embracing a significant position on the retail and institutional investor portfolios. To put it differently, it is no longer a matter of if cryptocurrencies will be in the picture, but rather, what milestones will they be conquering next. 

Yeh additionally said that the attitude of investors should change from entering the crypto realm with disbelief to analyzing what digital assets would complement their portfolio best. 

Additionally, the Quantum Fintech founder said that the inflationary atmosphere presents a unique opportunity to enter the market since Bitcoin (BTC) is a hedge against inflation and cushions the blow as far as inflation is concerned. 

Yeh posited that “Bitcoin and other cryptocurrencies are used as a hedge against inflation right now. The more money printing that happens, the more the value of Bitcoin and all of these things tend to rise, but I  think of it as an inverse. I don’t think that Bitcoin’s going up in value, it’s just the dollars worthless.”

Moreover, Yeh said that the cryptocurrency market does have its advantages as compared to the stock market because investors can acquire digital assets with any monetary sum, and inflation worries and institutional interventions would empower cryptocurrencies, Bitcoin (BTC) in particular. 

Even though Bitcoin (BTC) trades in lockstep with other volatile assets, Yeh admits that the biggest cryptocurrency has the overwhelming advantage of having inflation work in its favor by negatively impacting the investing alternatives from traditional finance. 

These remarks come after Bitcoin (BTC) is trading in calmer waters having pushed through the 50k resistance. Having gained 11% over the past week, at the time of writing the biggest cryptocurrency was trading at $51,300. 

Also read: 

The Year-End Message of Mexican Billionaire: “Believe in Yourself and Buy Bitcoin”

Winter is Here: Iran to Fill Energy Reserves by Stopping Authorized Crypto Mining

Those Who Promote Fraud Cryptos and Scams in the UAE Will Face Jail Time and Hefty Penalties

Binance has Been Granted a License to Provide Crypto-Utility in Canada

Also read:

Related News

Meta Continues With Its NFT Plans

Meta stated that its other cryptocurrency initiatives are proceeding according to schedule after announcing the end of its Novi project. Non-fungible tokens (NFT) have been developing for a while by the company. The Novi initiative, which enables remittances and international money transfers, will shortly be shut down, the company announced recently. According to the company, the project will no longer operate as of September 1. Users of Novi were informed

Read More »

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network. “This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit

Read More »
LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »

My Coins

$ 20,517.001.49%
$ 1,184.034.18%
$ 0.4624881.09%
$ 1.000.17%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: