The idea of countries holding bitcoin as a reserve currency is gaining traction, with reports indicating that 13 nations are already doing so. Russia is pushing for its central bank to consider bitcoin, while countries in the Gulf Cooperation Council are exploring similar options. Bitcoin’s decentralized nature makes it appealing as a hedge against inflation ...
Bitcoin has recently surged past the $100,000 mark, sparking calls, particularly from supporters of Donald Trump, for the U.S. government to buy a significant amount of the cryptocurrency as a hedge against inflation. However, economist Edward Lotterman warns that this frenzy is merely an example of a classic financial bubble. He emphasizes that for something ...
Bitcoin has seen a surge in price, recently hovering around $90,000 and nearing the significant $100,000 mark after an increase linked to the recent presidential election. Experts attribute this rise partly to anticipated friendlier regulations under Donald Trump’s administration, as well as concerns about inflation. Bitcoin is regarded as the most prominent cryptocurrency, operating independently ...
The stock Market has seen remarkable gains in 2024, with major indexes like the Dow, S&P 500, and Nasdaq reaching record highs, thanks to factors like artificial intelligence and political optimism. However, cryptocurrencies have outperformed these traditional markets, with Bitcoin soaring 118% year-to-date. MicroStrategy, a company that heavily invests in Bitcoin, has gained an astonishing ...
Today on Bloomberg Markets, the focus is on the latest market moves across global asset classes and key issues impacting Wall Street. Guests include Blerina Uruçi, Chief US Economist at T Rowe Price, and Christian Dery, Head of Macro Strategy at Capital Fund Management.
