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Four charts on crypto M&A and funding

  • It's a bull market in cryptocurrency right now.
  • Money is pouring into crypto as strategic acquisitions are increasing in frequency.
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Four charts on crypto M&A and funding

To bandage the economy last year, the Federal Reserve cut short-term interest rates to close to zero and began printing trillions of dollars. Fed Chair Jerome Powell said the reserve would allow the inflation to continue a little longer before thinking of raising interest rates again.

In response to the inflation, crypto may be transforming from being seen as a volatile investment to an inflation hedge, as big players in hedge funds began buying up bitcoin in May. Paul Tudor Jones was reported saying that bitcoin will be the best inflation trade. Billionaire investor Stanley Druckenmiller also revealed he owns crypto.

In October 2020, PayPal said it would let users buy, sell and trade bitcoin, as well as make purchases with the select cryptocurrency at over 25 million businesses.


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