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

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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.

BREAKING APPLE SET TO ANNOUNCE $2.5B PURCHASE OF BITCOIN ON MONDAY - SAUCES. pic.twitter.com/gmDWL6lPB3

— Chad Bradsworth Vll “Parabolic Guy” (@GoingParabolic) July 10, 2021

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.

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.

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.
https://t.co/BVI0AXj8RS

— The Wolf Of All Streets (@scottmelker) July 10, 2021

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.

It’s time for some @AxieInfinity data 📊📈

Axie just crossed $25m daily volume and sold more than 50k NFTs per day 🔥🔥🔥 pic.twitter.com/l7RymQtzyw

— Skirmantas Januškas (@SJanuskas) July 10, 2021

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