economy Finance

Bitcoin is no inflation hedge but thrives when the dollar wobbles: NYDIG

Bitcoin doesn’t consistently act as a hedge against inflation, but it has instead “evolved into a liquidity barometer,” says NYDIG’s Greg Cipolaro. Inflation does not have a major impact on Bitcoin’s price, as many believe, but a weakening US dollar does help push up the cryptocurrency alongside gold, according to NYDIG.“The community likes to pitch Bitcoin as an inflation hedge, but unfortunately, here, the data is just not strongly supportive of that argument,” NYDIG global head of research Greg Cipolaro said in a note on Friday.“The correlations with inflationary measures are neither consistent nor are they extremely high,” he added. Cipolaro said that expectations of inflation are a “better indicator” for Bitcoin (BTC) but are still not closely correlated. Read more.

general

Bills’ Ed Oliver injury mars dominant 1st half vs. Panthers

On Sunday afternoon, the Buffalo Bills hit the road to take on the Carolina Panthers, looking to get back in the win column after two straight puzzling losses followed by a bye week. The Bills got off to a good start in this one, taking a 19-3 lead into halftime in what was a dominant [.] The post Bills’ Ed Oliver injury mars dominant 1st half vs. Panthers appeared first on ClutchPoints.

Sports

Senior Vanderbilt edge rusher exits Missouri game with injury

The No. 10 Vanderbilt Commodores hold a late 17-10 lead over the No. 15 Missouri Tigers in the fourth quarter, as the program aims to advance to a 7-1 record on the season. Unfortunately, it appears the defense may have lost a key contributor on the defensive side of the ball during the contest. With [.] The post Senior Vanderbilt edge rusher exits Missouri game with injury appeared first on ClutchPoints.