Mr. Bernstein said MicroStrategy's "unprecedented" move to buy bitcoin could push MSTR up another 49 per cent.
The New York Times predicts that after Trump returns to power, there may be five major changes in the direction of American politics. 1. Strengthening presidential power: After Trump returns to the White House, he is likely to...
Nick Timiraos: The September jobs report could close the door on the Fed cutting rates by another 50 basis points next month and keep officials on track for a 25 basis point cut.
Investors are betting that the Federal Reserve will cut interest rates sharply this week, but they are likely to be disappointed because the performance of the U.S. economy simply does not warrant an aggressive rate cut. According to the CME's Fed Watch tool, current U.S. interest rate futures prices suggest a 65% chance of a 50 basis point rate cut and a possible 116 basis point cut this year. However, a flurry of economic data on Tuesday prompted the Atlanta Fed to change its forecast for U.S....
Bitfinex analysts said that the lack of liquidity characteristics may continue into September, causing bitcoin to struggle to overcome the resistance level of $63,900, and the current price is struggling to break through the actual holding cost of short-term holders (STH) of $63,900. In addition, Mt. Gox and the US government still have nearly $15 billion of potential selling pressure. The US government holds more than 203,000 bitcoins, worth $12.10 billion, while Mt. Gox will distribute another...
Overnight, the United States sharply revised non-farm data, this week Powell's speech may determine the success or failure of gold; silver actions can continue to accumulate, but there is still strong resistance hanging over the top.
Capital Economics said the dollar is likely to fall further in the coming years as the dollar's valuation remains relatively high and is buffeted by adverse spreads and reduced safe-haven demand. Economist Shivaan Tandon said in the report that the Federal Reserve is likely to cut interest rates more than other countries, meaning spreads are likely to continue to weigh heavily on the U.S. "We also expect risk appetite to remain strong, indicating continued pressure on the dollar." Despite recess...
On August 13, according to the Times of Israel, three Iranian officials said on Tuesday that Iran's attack on Israel may be delayed because negotiations on the release of the Gaza hostages and a ceasefire agreement are expected later this week. This suggests that if the agreement is successful, Iran may not retaliate directly against Israel.
Analysts at Bitfinex said ballooning US debt could cement Bitcoin's position, with "$35 trillion in US Treasuries underscoring the importance of Bitcoin as a'hard currency 'and potentially serving as a catalyst for Bitcoin's next upside cycle... This could prompt investors to seek other stores of value such as Bitcoin, which is often seen as a hedge against economic inefficiencies."
Speaking at the Bitcoin 2024 conference, Trump said that since its inception, Bitcoin has become more and more valuable, and has become the ninth most valuable asset in the world. It will soon surpass silver and may surpass gold in the future. However, most people don't know what it is now!
According to a report by asset management firm VanEck, Bitcoin could account for 10% of international trade and 5% of local trade and become a central bank reserve asset by 2050. The company said that the Bitcoin second-layer network will play a key role in overcoming scaling issues and allowing BTC to be used as a medium of exchange. But the report also pointed out that there are certain risks to Bitcoin's growth, including rising energy demand, joint government crackdowns, and competition with...
While stronger-than-expected U.S. second-quarter GDP data may ease some concerns about the economy, analysts noted that a higher-than-expected 2.9 percent in the core personal consumption expenditures price index (PCE) could spell trouble for the Federal Reserve. "While this is above target, it is falling, and this, combined with strong economic growth data, eases pressure on the Fed to cut rates next week," Hargreaves Lansdown's Emma Wall said in a note. "We expect Midland...
Bitwise CEO Hunter Horsley stated on the X platform that the halving of Bitcoin in April 2024 may be the most impactful event in history. The reason is that the last time Bitcoin halved occurred in 2020, with a price of approximately $9000. Therefore, in US dollars, the decrease in supply is approximately 9 million US dollars per day and approximately 3 billion US dollars per year. Bitcoin will be halved to approximately $70000, which will increase by more than three times in US dollars: approxi...