BRICS Nations Uniting Against Dollar, Major Banks Forecast More Fed Hikes, Bitcoin’s Big Blocks as Ordinals Gain Popularity – The Weekly Bitcoin News Overview



Amidst the global financial instability, the BRICS nations are advocating for dedollarization and leading banks such as Bank of America and Goldman Sachs are anticipating additional Federal Reserve interest rate hikes. In the US, crypto creativity has been explored in a novel way: the ordinals (controversial inscriptions) on the Bitcoin blockchain. All this and more is included in the latest review of the BitcoinInformation Week

Expert Forecasts Imminent Economic Collapse as BRICS Nations Unite Against Dollar

Andy SchectmanChief executive of Miles Franklin Precious Metals InvestmentsAccording to a recent interview, the five fastest-growing economies are – Brazil, Russia, India, China and South AfricaThe BRICS nations are jointly referred to as the BRICS. “uniting against the dollar.” Schectman believes dedollarization is possible by 2022 “seems to be spinning a lot, a lot faster.”

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Bank of America, Goldman Sachs, JPMorgan, UBS Share Predictions of More Fed Rate Hikes

Bank of America, Goldman Sachs, UBS, JPMorgan Share Forecasts of Additional Fed Rate Hikes

Bank of America, Goldman Sachs, JPMorgan, UBS, and UBS have released their predictions for the results of Federal Reserve interest rate hikes. Bank of America and Goldman Sachs, for example, expect the Fed to raise rates three more times this year.

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Economist Warns Fed Cannot Hit Inflation Target

Economist Cautions Fed Cannot Reach Inflation

As the number of Ordinal enrollments exceeded 150,000, blocks larger than 3MB have become regular, with many nearing 4MB. In the interim, the average transaction fee was increased by 122% in the beginning of February 2023, and it has kept steady for the past few weeks.

The news of BRICS nations uniting to counter the dollar and the major banks predicting more Federal Reserve hikes have been the talk of the town. This has been followed by Bitcoin’s successful posting of large blocks as Ordinals gain currency. has been a major contributor to this success since 2015, making it simpler for everyone to buy, sell, trade, invest, earn, and stay updated with the cryptocurrency and the future of finance.

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