Apple Bitcoin Buying Rumor, Crypto Blamed For Hyperinflation, Axie Infinity Gains 102%

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Last Updated on 11 July 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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A few months ago, I remember reading about how Facebook would, according to sources, soon announce that they had converted part of their dollar stash on hand into Bitcoin, not wanting to miss out on the bull run of the first quarter of this year. It never materialized even though at a certain point Mark Zuckerberg himself claimed that one of his goats was called Bitcoin.

As companies are preparing to report their second quarter earnings in the US, the rumor that is riding high in the cryptosphere this weekend is that Apple will soon announce it is now holding $2 billion in Bitcoin. Don’t be too surprised if it turns out not to be true at all, but it is nice to see that those rumors keep stacking up even as crypto has had a few rough months.

Advertentie.

Future hyperinflation

The second notable story this week was a headline by Moneyweek which has now found the culprit for all that inflation we’ve been telling you about for a few weeks. No, it appears global economists were wrong and this is not due to supply chain bottlenecks and a rush on certain goods (real estate, computer chips, etc), but simply the fault of Bitcoin.

As Scott Melker remarked:

We have moved onto the phase of FUD where we create headlines that blame Bitcoin for future hyperinflation rather than central banks and money printing.

Axie Infinity goes to infinity

What happens if you combine gaming with crypto? Well, we’ve already told you about horse-breeding and NFTs, but lately it seems that growing your own battle figure and then gaming with it against others can also earn you some nice crypto.

Axie Infinity, a blockchain-based trading and battling game that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies, is making headlines on social media as the coin has gained more than 102% in the past week.

Axie Infinity is available on the Binance Exchange.

thomaseder / Depositphotos.com