Global #inflation

In a recent address, Tiff Macklem, Governor of the Bank of Canada, highlighted the dual-edged nature of artificial intelligence (AI) and its potential implications for inflation and financial stability.

A recent survey by Japanese financial giant Nomura Holdings and its digital currency arm, Laser Digital, has revealed a surprising trend – a growing interest in cryptocurrency among institutional investors in Japan.

As the global economy shows signs of slowing down, the possibility of a recession hitting in the second half of 2024 is becoming increasingly real. With its unique position as a digital gold and hedge against inflation, how might Bitcoin's price be affected by such an economic downturn? ChatGPT-4o, a powerful language model, provides insights based on historical trends, current market sentiment, and potential future scenarios.

Polkadot's native token, DOT, hasn't seen the same explosive growth as other cryptocurrencies despite the recent market surge, with its price hovering around $7.20 according to CoinGecko.

The upcoming week promises a flurry of economic data releases, including crucial inflation figures, which could potentially influence crypto markets.