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The bitcoin Time


Dec 5th Update, whaleclub is a scam and they stole $20,000. — Still using coinbase though, and giving money to founders. Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this “weird” niche—the suits are firmly in control and the Big Money has arrived. But bitcoin isn’t “weird” any more and its “magic” is being dissolved by corporate interests. The individuals who made bitcoin what it is today, discussing bitcoin developments on r/bitcoin and BitcoinTalk threads, have lost control and lost interest. At the time, the bitcoin wizard no longer featured prominently on the forum, sitting at the bottom-right of the newly redesigned site. The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it.

  • Because I hold coins with better technology, and a lower market cap for potential higher returns.
  • From an investment perspective, people were rewarded for hoarding USD as a savings over the last few decades.
  • However, these are the same characteristics that have turned it into another tool of Wall Street as a commodity.
  • “I don’t have a strong opinion on other cryptocurrencies, I mean, I occasionally make jokes about Dogecoin but that was really just meant to be jokes,” he said.
  • Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC .
  • The cryptocurrency bitcoin has just hit a record high and is poised to rise even further.

We have already seen that governments will never condone private currencies that they cannot control. Securities and Exchange Commission regulations sparked outrage from privacy concerned groups . Similar call for regulations were issued from Christine Lagarde of the European Central Bank automated trading and Janet Yellen, Secretary of the U.S. This will inevitably create an environment of colored coins, effectively splitting BTC into a class system of “white-listed” vs. “colored” bitcoins. Well, you will only be able to use it outside of countries that ban unregistered addresses.

Global Chip Shortage Chokes Chinas Bitcoin Mining Sector

Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. If you’re wondering what caused Dogecoin’s recent monster rally, look no further than Reddit and Twitter, where it’s gathered quite the following. https://forexpulse.info/beaxy-crypto-exchange/ Retail investors on Reddit’s SatoshiStreetBets chatroom have continued to pump up Dogecoin. Elon Musk has also expressed his support for the oddball cryptocurrency on a handful of occasions in recent weeks. As of this past weekend, it had become the 12th-largest digital token by market cap ($7.5 billion). The world’s largest cryptocurrency is also often lauded for its scarcity. No more than 21 million Bitcoin tokens can be mined, which makes it a perceived hedge against the ever-rising U.S. monetary supply.
As the true value of the U.S. dollar declines, it’s believed that Bitcoin will appreciate. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars. Privacy is an immensely critical feature of everyday money. Credit cards provide a modicum of pseudonymity from the public imparted by the the credit card beaxy crypto exchange company. Some BTC developers are trying to build a second layer on top of Bitcoin that provides optional privacy as a patch. However, we already know that optional privacy is no privacy at all. For instance, ZCash is often erroneously touted as a privacy coin. As a result, crypto tracking companies such as Chainanalysis are able to document over 99% of ZCash transactions based on the resulting metadata . As trading resumes around the world, the largest cryptocurrency is still lacking decisive momentum up or down.
reddit btc
The social media platformdoubled its valuation to $6 billion as it raised $250 million in Series E funding from existing and new investors. Civil insider trading cases typically hold tippers to a standard of benefitting from the sharing of information. That may put the Reddit users in a rare and relatively untested legal area of criminal but not civil liability, Wolfe said. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure, with some even joking that Musk might have written it himself.

Elon Musk’s Dogecoin Tweets Worry Crypto Community

Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. As rumors spread that Reddit investors plan to target XRP this week, the fourth-largest cryptocurrency began outperforming the major market cap tokens on Monday. 24-hour gains have hit almost 40%, marking a comeback for the embattled coin which previously dipped as low as $0.16 from highs above $0.60. US Treasury Secretary Janet Yellen last week vowed to protect investors but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. U.S. stocks tumbled on Tuesday as concerns about the cost of infrastructure spending and potential tax hikes to pay for President Joe Biden’s $1.9 trillion relief bill weighed on investors who also fear further downside in the market.
“I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, asreported by Reuters. The cryptocurrency bitcoin has just hit a record high and is poised to rise even further. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post. A Reddit user claiming to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it. But bitcoin discussion on Reddit is bigger than r/bitcoin. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price.

I accept that it’s useful as a baseline coin to trade against but that does not mean it’s safe from being outcompeted by coins that have better defined protocols. Just because it’s big doesn’t mean it’s the coin with the lowest risk either. All the infrastructure that is being laid out for Bitcoin right now can instantly switch to another cryptocurrency if people feel so inclined. AOL, MSN and Myspace may thought they owned the internet infrastructure but turns out the were merely swatting on it until the next big thing threw them out. When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open cryptocurrency discussion. Today, r/btc users can discuss any cryptocurrency topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are both still heavily censored. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
The post is absolutely ridiculous, but surprisingly, it appears someone has recently doctored it to read as if OP themselves returned to edit the post, despite their account being deleted years ago. Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin via Twitter. The United States Dollar accounts for 80% of the world’s transactions whereas it only contributes to 25% of global gross domestic product. From an investment perspective, people were rewarded for hoarding USD as a savings over the last few decades. We now know that the monetary policy behind USD is fatally flawed.

Wrapped Bitcoin Reddit

The same model delivers the verdict that Bitcoin is the “hardest” of all monies to ever exist thanks to its fixed diminishing emission. Unsurprisingly, the phenomenon has been accompanied by a slew of calls for those investors to abandon relatively lackluster silver and instead pile into Bitcoin. With global consciousness waking up to the disparities between how those restrictions affect the rich and the poor, investors’ appetite for a wake-up call seems little dented despite warnings from authorities. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. “Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday.
“It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013. It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted. “However, depending on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. Bitcoin Citadels have evolved into a permanent part of the Bitcoin vernacular; a meme to help imagine what life would be like post-hyperbitcoinization.
reddit btc
I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. If it goes to $5,000 I make decent money if not my losses are capped. reddit btc social media analysis could be used to predict the price of smaller cryptocurrencies. “I suspect there are entities out there right now mining social data for insights,” Gilbert said.

Gamestop To Release First Earnings Report Since reddit Rally Stock Frenzy

Privacy is what Pirate Chain is best at amongst all the digital currency options in crypto . Pirate Chain is the closest digital iteration of cash and is the best form of digital currency available to date . Gains have been brisk, with 15% added in the past four days alone — since the retail stocks frenzy took a turn for the worse. Nonetheless, a repeat of last week’s mayhem could weaken an already shaky stocks environment, analysts warn. In what is likely to become a continued narrative, markets are still feeling the impact of a retail investor revolt which turned sour after regulators and trading platforms stepped in to stop them from participating. Reuters news agency could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original. Tesla did not immediately respond to an email to its press office. Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300.
reddit btc
In particular, because ETH itself doesn’t need to be sound money, it can remain a speculative asset while sound money is built on top of it as a token. Through on-chain network effects, this sound money can be built into many different applications natively. But no matter which token we’re talking about, the chances of these recent gains holding are crypto trading probably slim. Though momentum has been strong, and nothing says FOMO quite like cryptocurrencies, the underlying fact is that the various forms of blockchain technology have yet to catch on with big businesses. has also crushed Bitcoin over the trailing three-month period. Its 588% return is triple that of the largest cryptocurrency in the world.

Bitcoin Hit New Highs Above 60k But Gbtc Did Not Why?

The most exciting aspect of Stellar is its incredible payment network speed. Whereas traditional banking networks take anywhere from a few days to a week to approve and settle a cross-border payment, Stellar can do so in a matter of seconds. The only requirement is that the Lumens coin must be supported on that network. In other words, Stellar speeds up supply chains by making payments more efficient. Probably the most important catalyst of the bunch was the launch of Shelley in late July (the engineering team has interesting poetic names for each of its upgrades; the last one was dubbed Byron).

Shelley is designed to increase the number of nodes that network participants run. Without getting too far into the weeds, more nodes mean more decentralization and improved security on the Cardano network. Prior to this July launch, Cardano averaged 1,500 to 2,500 daily transactions. Unfortunately, there doesn’t appear to be anything unique about Dogecoin, other than its cult-like following. These gains probably won’t prove sustainable, and FOMO investors will be crushed.
The crypto asset could be used as a “neutral bridge” between different currencies, Ripple says. Litecoin is currently trading just below the psychological level of resistance at $200 after bouncing from overnight lows of $190. GameStop provides its first financial update since it became the subject of a trading frenzy. Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. At the same reddit btc time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy. “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital. Goldman Sachs and other investment banks have pledged to ease up on junior bankers before. With no stats to consider, COVID-19 news updates and FED Chair Powell testimony will be in focus.
Over the trailing three months, Bitcoin has nearly tripled (197%), which is a 187-percentage-point outperformance of the benchmark S&P 500. Believe it or not, this 197% gain pales in comparison to the returns a handful of other popular cryptocurrencies delivered over the past three months. Bitcoin continues to gain attention for its growing levels of adoption. For instance, Tesla Motorsrecently bought $1.5 billion worth of Bitcoin to hold on its balance sheet, and plans to accept Bitcoin as payment in countries where it’s allowed by law. Also, Mastercardannounced last week that it would begin supporting select digital currencies, including Bitcoin. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool hummingbot auto trading helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Rsk is the most secure smart contract network in the world and enables decentralized applications secured by the Bitcoin Network to empower people and improve the quality of life of millions. The Smart Bitcoin (R-BTC) is the token used to pay for the execution of transactions in RSK. You can convert BTC into R-BTC by sending BTC through the Powpeg , or by using the faucet in Testnet, or exchanges in Mainnet. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited.|
Reddit Btc


In particular, because ETH itself doesn’t need to be sound money, it can remain a speculative asset while sound money is built on top of it as a token. Through on-chain network effects, this sound money can be built into many different applications natively. But no matter which token we’re talking about, the chances of these recent gains holding are probably slim. Though momentum has been strong, and nothing says FOMO quite like cryptocurrencies, the underlying fact is that the various forms of blockchain technology have yet to catch on with big businesses. has also crushed Bitcoin over the trailing three-month period. Its 588% return is triple that of the largest cryptocurrency in the world.

Over the trailing three months, Bitcoin has nearly tripled (197%), which is a 187-percentage-point outperformance of the benchmark S&P 500. Believe it or not, this 197% gain pales in comparison to the returns a handful of other popular cryptocurrencies delivered over the past three months. Bitcoin continues to gain attention for its growing levels of adoption. For instance, Tesla Motorsrecently bought $1.5 billion worth of Bitcoin to hold on its balance sheet, and plans to accept Bitcoin as payment in countries where it’s allowed by law. Also, Mastercardannounced last week that it would begin supporting select digital currencies, including Bitcoin. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool reddit btc helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Rsk is the most secure smart contract network in the world and enables decentralized applications secured by the Bitcoin Network to empower people and improve the quality of life of millions. The Smart Bitcoin (R-BTC) is the token used to pay for the execution of transactions in RSK. You can convert BTC into R-BTC by sending BTC through the Powpeg , or by using the faucet in Testnet, or exchanges in Mainnet. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited.

The Origin Of The bitcoin Citadel Meme

Dec 5th Update, whaleclub is a scam and they stole $20,000. — Still using coinbase though, and giving money to founders. Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this “weird” niche—the suits are firmly in control and the Big Money has arrived. But bitcoin isn’t “weird” any more and its “magic” is being dissolved by corporate interests. The individuals who made bitcoin what it is today, discussing bitcoin developments on r/bitcoin and BitcoinTalk threads, have lost control and lost interest. At the time, the bitcoin wizard no longer featured prominently on the forum, sitting at the bottom-right of the newly redesigned site. The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it.
reddit btc
Shelley is designed to increase the number of nodes that network participants run. Without getting too far into the weeds, more nodes mean more decentralization and improved security on the Cardano network. Prior to this July launch, Cardano bitcoin auto trading averaged 1,500 to 2,500 daily transactions. Unfortunately, there doesn’t appear to be anything unique about Dogecoin, other than its cult-like following. These gains probably won’t prove sustainable, and FOMO investors will be crushed.

Bloomberg

Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. The New York Post added that with the timeline on the Reddit post, Tesla would have had to start buying bitcoin in late reddit btc December. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. Support.com shares have more than tripled in the past few days after the announcement to merge with Bitcoin mining company Greenidge Generation Holdings Inc. This deal is expected to go through during the third quarter of 2021 and will make Greenridge the first publicly traded Bitcoin Mining company with a power plant. Today’s problems with Bitcoin mining companies are that input costs are ridiculously high. The key to run a successful bitcoin mining company is to reduce electricity costs and ventilation costs.

  • Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
  • The world’s largest cryptocurrency is also often lauded for its scarcity.
  • Nonetheless, some saw the potential if the same group of retail investors were to buy up silver en masse.
  • Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space.
  • But it does mean that Stellar is going to play a key role in that decision-making process, according to Ministry of Digital Transformation official Oleksandr Bornyakov as reported in Cointelegraph.
  • Secondly, investors seem excited about the ongoing reinvestment in its blockchain project.

The social media platform doubled its valuation to $6 billion as it raised $250 million in Series E funding from existing and new investors. The user posted a link to the Post’s story and appeared to corroborate it. This merger is beneficial to Greenridge because they now have the cash to ramp up production, but most importantly, it is becoming a publicly-traded company. This merger provides Support.com with another stream of revenue. By investing in Greenridge, they will ultimately profit from Greenridge’s success. Support.com is an omnichannel solution company that specializes in global customer support. Their proprietary platform and tools enable world-class homesourcing with Net Promoter Score scores of 85+ every year. NPS scores measure the willingness of customers to recommend a company’s products/services to others. To put that number into perspective, a good NPS score has ranged from 0-30. This means that Support.com customers highly recommend the company and are very loyal.

Btc

Alex Gladstein, a champion of human rights and Bitcoin maximalist, laid out his thesis on the NLW podcast . Unfortunately, it is inevitable that Bitcoin becomes a speculative tool of Wall Street, in a two class system of registered and unregistered Bitcoin addresses. Bitcoin will also always retain its transparency that is required for its immutability. Wall Street does not like the privacy aspect because it generates revenue based on asset flow. It matters more to Wall Street that $100 billion worth of transactions are conducted in BTC valued at $10k, than bitcoin auto trading $1 million worth of transactions valued at $100k. Institutions earn their keep not by hodling, but by making money as the middleman. Bitcoin’s best value proposition is its scarcity and perceived demand. However, these are the same characteristics that have turned it into another tool of Wall Street as a commodity. In 2020, we heard about the multitude of Wall Street institutions jumping on the bandwagon. Within a six month period, commonly recognized names such Square, Paypal, Mass Mutual and most recently Tesla/Elon Musk announced their BTC purchases.

“I don’t have a strong opinion on other cryptocurrencies, I mean, I occasionally make jokes about Dogecoin but that was really just meant to be jokes,” he said. Bitcoin may have to fight for prevalence not with non-crypto investment options but with altcoins in the coming days. The latest interview, however, has seemingly had little impact, with Bitcoin remaining at the lower end of its broad trading corridor which stretches between $30,000 and $40,000. “I’ve gotta watch what I say here; some of these things can really move the market,” he began. Nonetheless, some saw the potential if the same group of retail investors were to buy up silver en masse. For veteran trader Peter Brandt, a possible targetis $102 or 250% from current levels. Ammous was referencing the widely-acclaimed stock-to-flow method of analyzing the scarcity of an asset based on how much is added to its existing supply in a given period.

Wall Street’s Bitcoin Vs Reddit’s Bitcoin

The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik. Hendrik provided The Post with a screenshot showing himself logged into beaxy crypto exchange the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement. A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. Key to a currency of daily use is privacy, along with fungibility and ease of use.
reddit btc
We have already seen that governments will never condone private currencies that they cannot control. Securities and Exchange Commission regulations sparked outrage from privacy concerned groups . Similar call for regulations were issued from Christine Lagarde of the European Central Bank https://forex-trend.net/beaxy-review/ and Janet Yellen, Secretary of the U.S. This will inevitably create an environment of colored coins, effectively splitting BTC into a class system of “white-listed” vs. “colored” bitcoins. Well, you will only be able to use it outside of countries that ban unregistered addresses.

Latest News

Privacy is what Pirate Chain is best at amongst all the digital currency options in crypto . Pirate Chain is the closest digital iteration of cash and is the best form of digital currency available to date . Gains have been brisk, with 15% added in the past four days alone — since the retail stocks frenzy took a turn for the worse. Nonetheless, a repeat of last week’s mayhem could weaken an already shaky stocks environment, analysts warn. In what is likely to become a continued narrative, markets are still feeling the impact of a retail investor revolt which turned sour after regulators and trading platforms stepped in to stop them from participating. Reuters news agency could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original. Tesla did not immediately respond to an email to its press office. Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300.
reddit btc
Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other bitcoin auto trading stocks before taking any action, according to Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. I have always intended bitcoins as something to buy and hold in terms of an investment. To me, Ethereum represents a much more flexible approach to designing sound money.
The crypto asset could be used as a “neutral bridge” between different currencies, Ripple says. Litecoin is currently trading just below the psychological level of resistance at $200 after bouncing from overnight lows of $190. GameStop provides its first financial update since it became the subject of a trading frenzy. Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. At the same time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy. “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital. Goldman Sachs and other investment banks have pledged to ease up on junior bankers before. With no stats to consider, COVID-19 news updates and FED Chair Powell testimony will be in focus.
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