The world’s largest companies are announcing that they have recently adopted an “austerity policy”.
During the bear market, which was called the previous bear market, large crypto money firms such as ConsenSys employee in the number of to 60% until It is known to decrease.
Elon Musk – Tesla
According to the news made by Reuters, Elon Musk said in an e-mail sent by Tesla to company managers, about the number of personnel. 10% reduction and said hiring should be stopped. Also, the richest person in the world, Musk, about the economy you have a bad feeling stated that.
The Winklevoss Brothers – Gemini
Gemini, the cryptocurrency exchange founded by US billionaire brothers Cameron and Tyler Winklevoos, due to bad market conditions He said they would reduce the number of employees. In total the duo 7 billion It has assets of more than a dollar.
In an interview with the Gemini founders to Bloomberg:
We are currently in what is called the crypto winter of our industry. All of this has been made more complicated by the current macroeconomic and geopolitical turmoil.
made statements.
Robinhood
The trading platform, which can be traded in cryptocurrencies, increased its staff numbers after HOOD stock hit its lowest levels. 9% reduction had announced.
Coinbase
Coinbase, one of the world’s largest cryptocurrency exchanges based in the USA, in a one-year period 1700 approximate number of employees to 5000 He stated that they were removed. Stating that this employee cost is very high, the crypto money exchange prolonging the pause and will cancel accepted job offers announced.
In the 2022. first quarter report that you hurt There were claims that Coinbase would go bankrupt. However, Coinbase CEO Armstrong denied these allegations.
Turkey Inflation
According to TUIK data, inflation rate in Turkey in May 2.98% annual inflation as to 73.5% rose. In addition, inflation 17.87%, in England 9% and in the USA to 8.3% rose.
Larry Fink, CEO of BlackRock, one of the largest investment firms in the world, in his statements yesterday, policy of inflation in general. Said it was related to. In addition, Fink, in order to solve the “supply” problem of the US Federal Reserve, don’t have enough resources and the next inflation period of two years stated it would.
Can Bitcoin Protect From Inflation?
The risk of cryptocurrencies is high, as well as the rate of return can be quite high. Many famous Bitcoin advocates and investment managers are investing in cryptocurrencies while investing in people. He says he should too.
Billionaire and director of Bridgewater Associates, the world’s largest hedge fund company, Ray Dalio, despite being a huge anti-bitcoin, said that investing in cash would be one of the worst investments and that “cryptocurrencies can help diversify portfolios I believe,” he said.
Also, Jeremy Siegel, professor of finance at the Wharton School at the University of Pennsylvania, told CNBC, “I think it’s a hedge for young investors. The fact that bitcoin has replaced gold We have to face it.” made his statements.
However, the Bank of America (BofA), one of the largest banks in the USA, stated that bitcoin (BTC) is not an asset used as a store of value or to hedge against inflation. more as a risk asset He said he was dealing
- None of the information contained in the content contains investment advice. You should make the investment with your own decision.