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Elon Musk, Cathie Wood sound ‘deflation’ alarm — Is Bitcoin at risk of falling below $14K?

09/13/2022

Less than a minute

2022.09.13 00:40

Elon Musk, Cathie Wood sound 'deflation' alarm — Is Bitcoin at risk of falling below $14K? — Elon Musk, Cathie Wood sound ‘deflation’ alarm — Is Bitcoin at risk of falling below $14K?

Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sept. 7. But bull trap risks abound in the long run as Elon Musk and Cathie Wood sound an alarm over a potential deflation crisis.

The Tesla (NASDAQ:TSLA) CEO tweeted over the weekend that a major Federal Reserve interest rate hike could increase the possibility of deflation. In other words, Musk suggests that the demand for goods and services will fall in the United States against rising unemployment.

09/13/2022

Less than a minute

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