Share this page!

Bloomberg Opinion Profile picture
Twitter logo
Jan 27 • 5 tweets • 4 min read
Bitcoin enthusiasts are facing a crucial test in the wake of the token’s 50% plunge from an all-time high.

At 4 p.m. ET, @roybahat is going live on @TwitterSpaces to discuss the week in crypto with @olgakharif, @skominers and @nirkaissar
twitter.com/i/spaces/1gqxv…
Mass adoption of crypto has arrived. We're now at the point where we know the underlying technology is going to be transformative.

"To me, this feels like the mid to late 1990s...Now the bets are starting to pile up about who the winners are going to be," says @nirkaissar
This crypto wave has captured the public imagination, says @skominers.

Read his latest on NFTs here: bloomberg.com/opinion/articl…
"A contraction in crypto prices is actually good for entry. It makes this thing a little bit more accessible," says @skominers.

Read more up on the idea that the rout might actually be good (via @tylercowen): bloomberg.com/opinion/articl…
"I can't establish a relationship between stocks and interest rates. And given that cryptocurrencies are a risk hedge, there probably isn't a correlation there either," says @nirkaissar bloomberg.com/opinion/articl…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Bloomberg Opinion

Bloomberg Opinion Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @bopinion

Bloomberg Opinion Profile picture
Jan 28
We’re already fighting the next global health emergency: Growing antimicrobial resistance (AMR).

Common ailments such as UTIs and sepsis are increasingly able to tough out the drugs developed against them. Some develop into superbugs that defy treatment trib.al/Z4TUOmz
Antimicrobials is the catch-all term for the many antibiotics, antivirals, antifungals and other drugs that prevent infections in:

🙆🏽Humans
🦓Animals
🌱Plants
trib.al/Z4TUOmz Image
Pathogens naturally develop resistance to antimicrobials as they evolve, but thanks to an overuse of antibiotics and other conditions, the speed of such resistance has become a major global health issue trib.al/Z4TUOmz Image
Read 15 tweets
Bloomberg Opinion Profile picture
Jan 28
During each recession for the last 40 years, a sizable number of men — more than women — have left the labor force and not come back

So far, this has been true for the Covid pandemic , despite rising wages and the best job market in decades trib.al/2Ql0F7u
The male prime-age labor force participation rate — the share of men aged 25 to 54 who are either working or looking for work — has fallen over the years from 96% in 1970 to about 89% in 2020 before the pandemic trib.al/gi8P7HM A man working at a computer...
Less-educated men are the most likely to drop out of the workforce.

The rate of prime-age male high school graduates in the labor force is still 1.37 percentage points lower than before Covid. Only 84% of men without college degrees are in the labor force trib.al/gi8P7HM
Read 10 tweets
Bloomberg Opinion Profile picture
Jan 27
It’s official: Americans are paying up for their favorite goods.

December saw the biggest 12-month gain in inflation since 1982. Procter & Gamble raised its sales outlook for the year to the end of June on the back of higher prices trib.al/ftA3lQJ
Consumers clearly aren’t balking at having to pay more for their groceries.

P&G said that so far, they were reacting to price increases more favorably than in the past.

Instead of pulling in the purse strings, consumers are trading up trib.al/9GGkW7e A picture of a male custome...
A little inflation is good for manufacturers and retailers alike. The value of sales expands, and consumers get used to paying more at the check-out counter.

It’s a problem when price rises grow rampant trib.al/9GGkW7e
Read 6 tweets
Bloomberg Opinion Profile picture
Dec 31, 2021
News that the U.S. population barely grew in 2021, together with ever-falling birthrates and the decline in immigration, raises the possibility the nation will be shrinking in the not-so-distant future.

That won't necessarily make housing more affordable trib.al/yhSPInH
If the U.S. population starts to decline, it might lead to even less housing demand in stagnant metro areas and a worse housing affordability crisis in the smaller number of places that continue to attract new residents trib.al/GDlp3Ii A picture taken from the ground showing a big puddle in fron
A country without any population growth doesn't need to have a growing housing construction industry.

That will lead to consolidation among homebuilders and the building materials supply chain trib.al/GDlp3Ii
Read 9 tweets
Bloomberg Opinion Profile picture
Dec 30, 2021
The great rotation in consumer spending continues.

In 2020, we bought what we needed to stay home. In 2021, our shopping reflected reopening.

Consumer sectors are now facing another shift in habits. This one may not be as favorable trib.al/Njl4mne
The omicron variant is a headwind for travel, hospitality and retail. Even if the latest wave of infections peaks, there are perils ahead:

💰 Lockdown savings being exhausted
💰 Prices rising
💰 Tighter monetary policy and higher borrowing costs trib.al/FZzPDn9 A picture of shoppers walki...
It’s not just the new variant weighing on shoppers’ minds. U.S. retail sales rose less than forecast back in November.

The real concern is that rising prices have finally begun to take their toll trib.al/FZzPDn9
Read 8 tweets
Bloomberg Opinion Profile picture
Dec 29, 2021
The European Union’s landmark decision to approve insects for human consumption was a victory for maggots and people everywhere.

It paves the way for an alternative protein source that should play a critical role in feeding a hotter, more populous world trib.al/2RC6aSi
For most consumers, the EU decision won’t translate to bugs in your burgers and mealworms in your macaroni.

Insects will play a far more integral role in human food systems going forward.

But they won’t likely be a direct form of protein trib.al/nsR7RQ7 A picture of mealworms in a hand.
🐛 Insects are becoming an increasingly valuable indirect food source — a feedstock for poultry, farmed fish, pork and beef which are currently fattened on environmentally costly soy and corn feeds trib.al/nsR7RQ7
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @bopinion has new unrolls!

Check out other threads from @bopinion!

Read all threads by @bopinion

:(