, 2022-10-16 19:00:03,
With the implosion of cryptocurrencies, several of the best blockchain stocks to buy find themselves on fire sale. However, it’s important to realize the tremendous risks involved. Fundamentally, anything crypto-related are reliant on the actions of the Federal Reserve. Specifically, the central bank’s commitment to a hawkish monetary policy poses problems for risk-on assets.
At the moment, the central bank wants to unwind prior monetary excesses. That’s deflationary (i.e. reduced money supply equals deflation). With fewer dollars chasing after more goods, purchasing power rises. In this scenario, people have an incentive to save dollars rather than spend or invest them. That’s not great for risk-on assets, especially with some of the best blockchain stocks to buy. Moving forward, because of the deflationary approach toward monetary policy, global economies risk recession. Again, that’s deflationary.
Still, if you want to take a shot at crypto-related investments, you might as well consider some of the best blockchain stocks to buy.
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While IBM (NYSE:IBM) garners the most attention today for its work in artificial intelligence and cloud-computing services, it also moved into the blockchain. Fundamentally, the blockchain’s main innovation centers on its…
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