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In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”.There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?Excessive public debt is unsustainable when it becomes a burden on productive growth and...

Across my career at the intersection of national security and our economy, I have witnessed firsthand several game-changing technological revolutions. From GPS to the internet and from smartphones to artificial intelligence, our nation’s unmatched capacity to innovate has created unprecedented benefits for the economy and security. Another wave is upon us: Blockchain and crypto offer America the chance to lead another generation of critical innovation, but policymakers must do their part, or this opportunity will slip away. If the Biden White House and Congress don’t provide the support and regulatory certainty this burgeoning industry requires, there is little doubt it...

Bitcoin surpasses silver to become the 8th largest asset in the world. https://twitter.com/WatcherGuru/status/1767141335910257021 Here is a link of 18,000 Assets ranked by Market Caphttps://www.8marketcap.com/

The Financial Times, perhaps THE arch-critic of cryptocurrencies over the past decade, has conceded that Bitcoin might just have a purpose. It’s just the latest data point that there is a great shift happening in how people view crypto, from ex-President Donald Trump to Larry Fink. They may not fully grasp what’s going on (who does?), but they sense it’s important. “The bitcoin bulls have been proved mostly right about its prospects as a long-term investment,” Rockefeller International Chair Ruchir Sharma wrote in an opinion piece titled “Once dismissed as fanatics, the bitcoin bulls must be feeling vindicated.” Noting that...

Two crypto influencers on X have called on their followers to snap up Bitcoin BTC, gold and silver, citing the risk of rising national debt in the United States. In an X post on March 11, entrepreneur and angel investor Balaji Srinivasan argued that Bitcoin is the only realistic solution to escape the inevitability of unsustainable government spending and potential asset confiscation. “We’re in the looting-the-treasury phase of imperial collapse,” the former Coinbase chief technology officer told his 994,000 followers. Srinivasan argued that government debt and wasteful spending continue to grow rapidly at unsustainable levels. U.S. national debt is currently...

The stock markets have been on the rise recently, with major indexes like the S&P 500 and Nasdaq hitting record highs. At the same time, speculative assets like bitcoin and gold have also surged to new peaks. While many investors are cheering the gains, some analysts are sounding the alarm that we may be right in the middle of another financial bubble, similar to the dot-com boom and bust of the late 1990s. Gold and Bitcoin Peaks: Are We Heading to Another Dot-Com Bubble? Much of the recent market’s rise has been driven by a small group of mega-cap tech...

BREAKING: #Bitcoin reaches new all-time high of $69,420 https://twitter.com/WatcherGuru/status/1766123788553404744 Crypto Priceshttps://www.coingecko.com/

Bitcoin exchange-traded funds have been a smash hit, helping feed into a frenzy that has sent the cryptocurrency’s price to a record high. Bitcoin exchange-traded funds have been a smash hit, helping feed into a frenzy that has sent the cryptocurrency's price to a record high. Investors have piled into the funds at a historic clip since their Jan. 11 launch, with total assets in the 10 U.S. spot bitcoin funds on the market swelling to nearly $50 billion. BlackRock's iShares Bitcoin Trust eclipsed $10 billion in assets Thursday, the fastest a new ETF has ever reached that milestone. Fidelity's...

The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. [All time high - $69,000 - Nov 2021] [High today - almost $67,000]

After Jan. 10, when the Securities and Exchange Commission approved the first bitcoin exchange-traded investment products, the biggest investment firms jumped into the pool with both feet, jostling one another to offer their clients, big or small, access to bitcoin funds. All, that is, except the second-biggest private investment management fund on the planet, Vanguard Group. The firm has made clear, most recently in a Jan. 24 message to its clients, that it has no plans to offer a bitcoin exchange-traded fund (ETF) or any other cryptocurrency-related products. Nor will it allow any such products from other firms to be...

Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill Lynch, and Wells Fargo’s wealth management unit have begun offering some clients access to SEC-approved spot bitcoin exchange-traded funds (ETFs), Bloomberg reported Thursday, citing people familiar with the matter. Clients must have brokerage accounts and specifically request the bitcoin ETFs. A representative for Wells Fargo...

Bitcoin blew past $60,000 for the first time in more than two years on Wednesday as the popularity of spot ETFs drove a renewed trading frenzy for volatile cryptocurrencies — and crashed popular crypto exchange Coinbase. The price of bitcoin soared to nearly $64,000 in the early afternoon, nearing it’s all-time high of $$68,789 in November 2021, before falling to around $61,000 by 6 p.m. That marked an 18% increase in the leading digital currency compared to one week ago and 40% bump compared to a month ago. In the midst of Wednesday’s rally, Coinbase, one of the largest digital...

Bitcoin breaks $60.000.00

At a recent special event hosted by BlackRock, high-profile clients and industry participants were invited to discuss the future of Bitcoin. Bitcoin company Swan, one of the participants of the event, shared some important takeaways with its private customers. The event was significant as it marked BlackRock's attempt to promote its Bitcoin ETF among its top clients. The move aligns with the view that BlackRock is preparing to leverage its marketing and sales skills to promote Bitcoin and its ETF product. Senior officials at BlackRock have revealed that they have received calls from unexpected quarters expressing interest in purchasing Bitcoin....

SINGAPORE, Feb 27 (Reuters) - Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy (MSTR.O), opens new tab that it had recently purchased about 3,000 bitcoins for an outlay of $155 million. The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United...

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings by almost $9 billion within the last two months. Bitcoin Creator’s Wealth Reaches $51B, Stash of Bitcoin Climbs Nearly $9B Higher in 2024 It is believed that upon the inception of the Bitcoin network, its founder, Satoshi Nakamoto, also mined the digital currency, amassing between...

Kiyosaki mentioned in an X (formerly Twitter) post that Bitcoin will hit $100,000 by June 2024. However, he didn’t mention what will propel this massive price surge. The finance expert is known to be a huge advocate of the foremost crypto token and, at different times, given his opinion on its potential. Related Reading: $400 XRP Price Point: Analyst Breaks Down The Future Surge Date Before now, Kiyosaki, who authored the best-selling book ‘Rich Dad, Poor Dad,’ said that Bitcoin was going to rise to $150,000 and singled out the Spot Bitcoin ETFs as what would drive this parabolic move....

BitcoinBTC 0.0% and the wider crypto market have pulled off a dramatic recovery over the last year, with the bitcoin price up 100%, ethereum up 60% and XRPXRP 0.0% up 35%. In early 2021, the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), flew past $50,000 per coin for the first time. After falling about 75% from its all-time high in the inflation-powered crisis of 2022, the cryptocurrency had a lot of ground to make up. But on Feb. 12, Bitcoin finally surged past $50,000 once again. The price of Bitcoin is rising at an incredible pace. As of this writing, it's...

On February 14, 2024, a significant development unfolded in the financial regulatory landscape as four leading financial associations—the Bank Policy Institute (BPI), the American Bankers Association (ABA), the Financial Services Forum (the Forum), and the Securities Industry and Financial Markets Association (SIFMA)—jointly addressed a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). This letter represents a unified request from these influential bodies for the SEC to consider targeted modifications to Staff Accounting Bulletin No. 121 (SAB 121), a directive that has significantly impacted U.S. banking organizations’ ability to engage with digital assets since its issuance...

Bukele's war on gangs is credited with slashing homicide rates while restoring security and dignity to citizens of what was once one of the world's most dangerous countries. There is no sign of Bukele's crackdown coming to an end any time soon. The president, who describes himself as the 'world's coolest dictator', appears to have swept to victory in last weekend's election, so far winning 83 percent of the vote. His war on El Salvador's gangs is cited as a major reason behind his popularity.