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Can 1 million Bitcoin really pay off the $36 trillion U.S. national debt? Peter Schiff doubts
Peter Schiff doubts that 1 million Bitcoins could ever pay off the U.S. national debt, as Bitcoin’s market cap would need to increase by over 20,000%, which is unrealistic. He also questions Bitcoin’s global adoption and sees its value increased more by speculation than real demand. Some Bitcoin fans believe that if the U.S. government […]Cryptopolitan
Dec 14, 2024
Why is Bitcoin superior to gold in every way? Saifedean Ammous explains
American economist Saifedean Ammous argues that Bitcoin is superior to gold because it has a fixed supply, is digital, and is not controlled by governments, making it a better store of value and a solution to inflation and debt issues in today’s financial systems. Ammous, author of The Bitcoin Standard, argues in a recent interview […]Cryptopolitan
Dec 14, 2024
XRP leads the Trump trade bull run. But can it actually sustain it?
XRP has skyrocketed 370% since Donald Trump’s election victory, taking the lead in what’s now being dubbed the “Trump trade bull run.” Bitcoin, for all its clout, has only climbed 46%, and the broader crypto market, measured by the CoinDesk 20 index, has risen 93%. XRP blew past Solana, claiming the third spot in market […]Cryptopolitan
Dec 14, 2024
VanEck predicts 2025 bull market with Bitcoin at $180K, altcoins to fall 60%
VanEck predicts strong crypto growth in 2025, with Bitcoin reaching $180,000 and Ethereum surpassing $6,000. The firm expects market dips mid-year but forecasts a recovery by late 2025. Growing institutional adoption, government Bitcoin reserves, stablecoins, and AI-powered tech will drive further integration of cryptocurrencies into the global financial system. VanEck, an asset management firm, predicts […]Cryptopolitan
Dec 14, 2024
Microsoft’s decision to not add Bitcoin to its balance sheet was a great idea for both
Microsoft’s decision to steer clear of Bitcoin and keep its balance sheet traditional wasn’t just calculated, it was ruthless in its precision. On December 10, the tech giant’s shareholders torched a proposal to sink 1% of its $78 billion cash reserves into Bitcoin. That would’ve been roughly $784 million—a small chunk of cash for Microsoft […]Cryptopolitan
Dec 14, 2024
Wall Street questions Fed’s intentions as tool rate cut appears likely
Wall Street is buzzing as the Federal Reserve prepares to tweak its overnight reverse repo (RRP) facility rate, a move expected to drop it by 5 basis points. This seemingly small adjustment, rumored to come next week, could move billions in cash flows and stir up money markets. Traders and analysts are asking the same […]Cryptopolitan
Dec 14, 2024
Southeast Asia countries are in stiff competition to be the region’s top AI hub
Countries in Southeast Asia that make up the Association of Southeast Asian Nations (ASEAN) are quietly battling with each other to claim the region’s top AI hub position. According to CNBC, the 10 countries in Southeast Asia’s emerging economies have a combined population of 672 million people and already have a competitive edge over Europe […]Cryptopolitan
Dec 14, 2024
US Treasury Secretary Yellen tells Trump “Don’t politicize bank supervision”
U.S. Treasury Secretary Janet Yellen has a message for President-elect Donald Trump: back off from meddling in the regulation of the American banking system. She called out Trump’s transition team for reportedly eyeing drastic cuts or mergers in Washington’s top financial oversight agencies. Naturally, his return to power has raised questions about how far his […]Cryptopolitan
Dec 14, 2024
Former PM of Thailand and his rich friends believe Bitcoin will reach $850,000 – Calls for Thai people to adopt BTC
Thaksin Shinawatra, the former prime minister of Thailand, claims that his friends believe Bitcoin could reach $850,000 in value. He urged Thai people to stay informed about the cryptocurrency’s potential and its increasing relevance to the global economy. During a special lecture on December 13, 2024, Thaksin said that he isn’t calling for people to […]Cryptopolitan
Dec 14, 2024
XRP surges in South Korea, Won tanks as parliament votes to impeach President Yoon Suk Yeol
South Korea’s National Assembly voted to impeach President Yoon Suk Yeol on Saturday, which intensified the nation’s political uncertainty and tanked the national currency. The move comes after Yoon’s controversial attempt to impose martial law in early December, which opposition leaders condemned as a threat to democratic order. According to the Financial Times, opposition leader […]Cryptopolitan
Dec 14, 2024
