Zev Mintz

Bitcoin prices appreciated significantly this week, with many consecutive days of gains. The Senate advanced a $550 billion infrastructure bill that includes a provision for enhanced scrutiny of cryptocurrency markets.

Elon Musk, Jack Dorsey, and Cathie Wood discussed Bitcoin and how their respective companies will engage with the currency. Cryptocurrency regulation continues to take shape across the globe.

Powell and Yellen acknowledged that inflation levels are well above typical targets. Square and BNY Mellon are among the financial institutions announcing larger support for Bitcoin services this week.

Inflation expectations increase in the United States and Europe. Argentina has proposed Bitcoin legislation that could pave the way for further adoption in the country. Bitcoin adoption continues as the difficulty declines.

The U.S. government continues pushing through large spending plans, despite several key indicators that inflation is well above normal levels. Major investors use Bitcoin’s pullback as a buying opportunity.

El Salvador became the first country to adopt Bitcoin as legal tender. The U.S. dollar continues to see high levels of inflation as additional spending packages are discussed.

Bitcoin 2021 drew support from financial and technological industry leaders. India and China are among the countries giving positive updates to their stance on Bitcoin.

The Biden administration continues pushing significant spending measures, even as the U.S. economy is staging a significant recovery across almost all sectors. Notable individual investors and large companies continue exploring and entering the Bitcoin space despite recent price volatility.

Bitcoin faced a significant pullback this week before a partial recovery. Statements by Elon Musk appear to be a contributor to the decline in prices. Updated government policies also affected bitcoin markets.

Signs of high levels of inflation are becoming more apparent for economies across the globe. The Bitcoin space experienced notable steps towards adoption, which included the creation of a cryptocurrency trading desk by Goldman Sachs.

Joe Biden reiterated his plans for a large increase to capital gains taxes. Major financial institutions, including Visa, Mastercard, and U.S. Bank, are adding Bitcoin support.

Joe Biden announced plans for a large increase on the country’s capital gains tax. The U.S. economy continues to recover as vaccinations support the reopening of many industries. Bitcoin prices retraced from previous highs before stabilizing around $50,000.

Coinbase made a direct listing this week, giving Bitcoin markets a temporary boost. Turkey banned Bitcoin payments as the currency began to outperform the local lira. Bitcoin receives support from both sides of the U.S. government.

Coinbase’s financials speak to the rapid growth experienced in cryptocurrency markets. Large institutions continue finding ways to add Bitcoin to their investment thesis or product offering. The Biden Administration continues to push additional spending measures.

The U.S. government pushes a plan to inject several trillion dollars into the economy, despite clear signs of economic recovery. Several major banks have officially begun integrating Bitcoin into their investment plans and product offerings.

Elon Musk announced U.S. customers can buy a Tesla with bitcoin. Fidelity, Goldman Sachs, and VanEck recently filed with the SEC for a Bitcoin ETF. President Joe Biden revealed plans for a $3 billion infrastructure and domestic needs after the recent $1.9 trillion stimulus package.

Morgan Stanley announced plans to offer certain clients access to Bitcoin through Bitcoin funds. Deutsche Bank has signaled strong interest in Bitcoin as an investment and a global currency. Yields rise and consumer spending increases dramatically in many sectors.

The passage of a $1.9 trillion stimulus package is likely to accelerate early inflation as the economy begins to recover. Bitcoin saw significant price appreciation this week, briefly reaching new all-time highs. Major banks continue looking for ways to offer Bitcoin exposure to clients.

Inflation concerns are exacerbated by the Senate’s approval of a $1.9 trillion stimulus package. Institutional investors look to Bitcoin to diversify portfolios and hedge against inflation. Goldman Sachs is preparing to trade cryptocurrencies and Bitcoin derivatives.

Bitcoin prices pulled back this week, despite continued adoption from technology and investment companies. Economic indicators of future inflation pop up as the House passes a $1.9 trillion stimulus deal.

Bitcoin prices continue to surge to new all-time highs, reaching a market capitalization of $1 trillion over the weekend as institutional adoption progresses.

BNY Mellon announced plans to support Bitcoin payments and custody, adding significant credibility to the currency. The move contributes to speculation that many large technology companies and financial institutions will look to gain Bitcoin exposure in the near future.