Arthur Hayes, co-founder of BitMEX, believes that tariffs implemented by former President Donald Trump could disrupt the global economy, but may also stimulate Bitcoin’s growth. In a recent post, Hayes suggested that these tariffs could lead to corrections in global imbalances, benefiting Bitcoin. He noted the weakening of the US Dollar and the possible depreciation ...
Shares of Coinbase Global and other cryptocurrency-related companies faced a significant drop this quarter due to rising concerns about the US economy, impacting digital assets. Coinbase experienced a staggering 31 percent decline, marking its worst quarterly performance since the collapse of FTX in late 2022. Major crypto stocks, including Galaxy Digital and mining firms like ...
A crypto analyst predicts that Bitcoin could surpass its all-time high of $109,000 sooner than expected, despite recent Market volatility and concerns about the US economy. Jamie Coutts, from Real Vision, believes Bitcoin might reach new heights before the end of Q2, regardless of ongoing tariff issues from former President Trump. Currently, Bitcoin is trading ...
The White House is exploring a new strategy to enhance the U.S. position in the cryptocurrency Market by potentially using profits from its gold reserves to acquire Bitcoin. Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested that this approach would be “budget-neutral,” allowing for Bitcoin purchases without additional ...
Recent fluctuations in Bitcoin’s price highlight how markets can overreact to potential issues, like trade wars. Though there was a notable 6.5% drop in the S&P 500, Bitcoin’s dip below $83,000 is expected to be temporary, as traders remain confident in the crypto Market‘s stability. While many investors are shifting towards cash and bonds in ...
On March 7, US President Donald Trump will hold the first White House Crypto Summit to engage industry leaders in discussions about cryptocurrency regulations, stablecoin oversight, and Bitcoin’s role in the US economy. The summit, led by White House crypto czar David Sacks and executive director Bo Hines, will feature prominent figures from the crypto ...
The United States is considering adopting a Bitcoin reserve as individual states increasingly embrace cryptocurrency. Matthew Sigel, Chief of Digital Assets Research at VanEck, emphasizes that this strategy could enhance U.S. economic dominance by positioning it as a leader in innovation and technology. Sigel believes that a Bitcoin reserve would not only act as a ...
Bitcoin faced a turbulent day on January 10, plunging $1,500 due to stronger-than-expected US nonfarm payroll data. This report indicated a healthy labor Market, which raised concerns about potential delays in interest rate cuts by the Federal Reserve. Analysts noted that the likelihood of a rate cut in January was now just 2.7%, prompting a ...
This year, Bitcoin’s price soared past $100,000, bringing attention to the idea of a strategic Bitcoin reserve, similar to the Strategic Petroleum Reserve. Proposed in the Bitcoin Act of 2024, this reserve aims to support the struggling U.S. economy and national debt management. Advocates like Michael Saylor suggest it could create significant wealth for the ...
Macro expert Luke Gromen argues that the U.S. may need to elevate Bitcoin to a neutral reserve asset, especially in light of national security concerns stemming from Russia’s actions in Ukraine. He believes this shift might help revive U.S. industries weakened by reliance on the fiat currency system, which has hindered defense manufacturing. Gromen sees ...
