Analysts at Citi said the new policy support would help solidify the legitimacy of counterfeit products in the market and could push up their prices. "Bitcoin is classified as a commodity and there are already'traditional financial 'trading instruments such as spot ETFs and futures. By contrast, other crypto assets have a more uncertain definition and a more limited range of investment options." The analyst added that further policy support would provide a huge boost to counterfeit products comp...
Citibank said in its latest report that stablecoins not only have the potential to solidify the dominance of the U.S. dollar, but also challenge the claim that bitcoin will one day end its dominance. "Initially, cryptocurrencies such as Bitcoin were seen as competitors to central bank-issued currencies. In fact, some believed - and still believe - that Bitcoin could end the hegemony of the US dollar. However, USDT is challenging that claim....
As bitcoin solidifies its position as a potential high-growth investment vehicle, this disparity highlights a shift in institutional investor sentiment. Maruf Yusupov, co-founder of Deenar, said that the rapid rise of bitcoin following Trump's victory in the US election may be reshaping the traditional view of inflation hedging. Trump's focus on tax cuts, tariffs and cryptocurrencies is driving people's attention to bitcoin as a cash...
With Trump's victory in the U.S. election and the likelihood that Republicans will control both the Senate and the House of Representatives, the market should expect most of his campaign promises to be fulfilled. The Federal Reserve may automatically cut interest rates by 25 basis points tonight and in December, as they consider current rates restrictive. If the current strong economic development continues,...
Gold Ten Futures, June 28, from the current performance of the container shipping market and the driving force of all parties, there may still be an upward drive in the second half of the year. From the perspective of the fundamental structure, the impact of new ships entering the water that began to increase in the second quarter of this year was absorbed by the loss of capacity caused by detours, which switched the original oversupply environment to a tight balance pattern, but the marginal im...