Bitcoin will become “more valuable than ever” after deflation stops covering “up the impact" on the US dollar, according to Bitcoin entrepreneur Anthony Pompliano. Bitcoin investors are being forced to rethink why they hold the asset as inflation data cools, according to Bitcoin entrepreneur Anthony Pompliano. “I think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?” Pompliano said during an interview with Fox Business on Thursday. “Can you still believe in what Bitcoin’s value proposition is, which is that it’s a finite-supply asset. If they print money, Bitcoin is going higher,” he said. “Bitcoin and gold are great long-term things,” he said. The US Consumer Price Index (CPI), a widely used measure of inflation, fell to 2.4% in January from 2.7% in December, according to the US Bureau of Labor Statistics. However, Mark Zandi, Moody’s chief economist, recently told CNBC that inflation “looks better on paper than in reality.” Read...
Kathryn Ruemmler • DP World CEO Bin Sulayem ousted as investors stop funding over ties to disgraced financier • Goldman Sachs lawyer Ruemmler resigns due to her extensive ties to Epstein in documents • PM urges probe into top Norwegians’ links to dead felon DUBAI: The chairman and chief executive of DP World Sultan Ahmed Bin Sulayem’s resigned on Friday following pressure over his alleged ties to the convicted sex offender Jeffrey Epstein, making him one of the highest-profile figures to step down after the recent release of documents. The fallout also prompted the resignation of a top lawyer at Goldman Sachs and has sparked official inquiries into political and royal figures in Norway. Bin Sulayem’s departure from the Dubai-based logistics giant was announced the same day the emirate’s ruler appointed a new chairman for the Ports, Customs and Free Zone Corporation, another role Bin Sulayem held. Pressure mounted on the state-owned firm after two major investors, the UK development finance agency British Inte...