Crypto Biz: Hyperinflation and Bitcoin wagers, AI replacing first jobs and more By Cointelegraph

United States inflation and how it might affect the price of (BTC) are two of the top concerns on investors’ minds around the world. To illustrate, one prominent crypto personality bet big bucks on the future of the U.S. economy: the former Coinbase (NASDAQ:) executive recently paid out $1.5 million to settle a Twitter wager about possible hyperinflation in the American economy.

The U.S. may not be experiencing hyperinflation, but the possibility of prices going out of control seems to concern the Federal Reserve. The Fed raised interest rates by a quarter-point on May 3 — to the highest level in 16 years — pushing the target range for its benchmark from 5% to 5.25%.

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Before you go: The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes