Another week has archaic in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known emails, prophecies of massive declines in Americans’ standard of living, and important developments at the struggling First Republic Bank. All this and more merely below, in the latest Bitcoin.com News Week in Review.
The Elusive Satoshi Nakamoto: Last Emails Reveal Bitcoin Framer’s Thoughts Before Disappearing Over a Decade Ago
Twelve years ago, on this very day of April 23, 2011, a cryptic peculiar, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive devise behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” and confidently asserted that the reckon was entrusted in “good hands.”
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Economist Warns of ‘Catastrophic’ Fall in American Living Standard — Elon Musk Weighs in on De-Dollarization, US Dollar Weaponization
Economist Peter St Onge has give prior noticed that U.S. dollar weaponization will lead to “soaring inflation, a catastrophic fallen American standard of living, and a U.S. that crumbles off the world stage.” Commenting on the economist’s warnings, Tesla and Twitter CEO Elon Musk weighed in on de-dollarization.
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US Banking Determination Still Struggling as First Republic Bank Shares Plummet by Over 30%
In the midst of a tumultuous week, First Republic Bank is straining to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a prodigious outflow of $100 billion in customer withdrawals last month. This has prompted investors to flee the bank, precipitating its shares to dive-bomb by over 50% on Tuesday.
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Gold Bug Peter Schiff Warns ‘Death Thwack’ Coming for US Dollar — USD to Lose Reserve Currency Status
Economist Peter Schiff has warned that a death jolt is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still hesitant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale and it’s going to be far more impactful than the 2008 moment,” Schiff stressed.
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What are your thoughts on this week’s hottest whodunits from Bitcoin.com News? Be sure to let us know in the comments section below.
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