President-elect Donald Trump announced on Saturday that he had nominated Chris Wright to be the next Secretary of Energy and said he would create a National Energy Commission to boost U.S. energy production. Wright is the chief executive of oil-field services company Liberty Energy and has no previous experience working in Washington. "Wright has been a leading technologist and entrepreneur in the energy sector, having worked in nuclear, solar, geothermal, oil and gas," Trump wrote in a statemen...
Mitchnick, head of BlackRock's cryptocurrency business, sees bitcoin as a "safe haven asset".
According to Chris Aruliah, head of institutional business at Bybit, the recently announced 0.5% interest rate cut by the Federal Reserve could prompt a flow of funds from banks to the stock market and increase investment in riskier assets, including cryptocurrencies. Since lower interest rates reduce returns from traditional investment vehicles, investors may diversify their portfolios through cryptocurrencies. However, the global economic slowdown, weak economic indicators, and geopolitical un...