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PAYMENT COMPANY STRIPE TO ACQUIRE CRYPTO WALLET PROVIDER PRIVY
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BESSENT: STABLECOINS COULD LOCK IN DOLLAR DOMINANCE
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*CHANOS: I'M SELLING MICROSTRATEGY SECURITIES TO BUY BITCOIN
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GAMESTOP: PURCHASED 4,710 BITCOIN BETWEEN MAY 3 & JUNE 10
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WHITE HOUSE AI AND CRYPTO CZAR SACKS: CHINA IS ONLY 3-6 MONTHS BEHIND U.S. IN ARTIFICIAL INTELLIGENCE
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BITCOIN COULD WORK AS A HEDGE AGAINST INFLATION Over time, bitcoin has proven to be a better hedge against inflation than many other asset classes, even gold, says the Bitcoin Treasury Corporation's Elliot Johnson in a note. "It remains the best-performing asset over five years, up more than 1,000%," the CEO says. Gold has returned 92.5% over the same period, while the U.S. dollar has lost more than 20% of its value over the last five years due to inflation, he says. Bitcoin is rising 0.9% to last trade at $109,710.
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