Bitcoin Trades Around Its Weekly High Despite Elon Musk’s ‘Deflation’ Warning

Before Ethereum’s Merge upgrade, Bitcoin is trading at its weekly high. On the other hand, Tesla CEO Elon Musk also warned about the upcoming deflation due to the Federal Reserve interest rate hike. ARK Invest CEO Cathie Wood also holds a similar view. Musk warns that a major increase in the Federal Reserve interest rate …