● Trump: We are reaching agreements with other countries that were once thought to be impossible
According to BlockBeats, on May 24, US President Trump said that the United States is reaching some agreements with other countries that were once thought to be impossible to achieve.
● Economists question the future value of Bitcoin, central banks increase gold reserves
According to TechFlow, economist Peter Schiff questioned the future value of Bitcoin, pointing out that global central banks are increasing their gold reserves rather than buying Bitcoin. He asked why central banks choose gold instead of the dollar. Central banks buy more than 1,000 tons of gold each year, twice the average level of the past decade. Bank of America strategist Michael Widmer said that emerging market central banks should increase their gold reserve targets to 30% to enhance financial protection. Schiff criticized Bitcoin's volatility and believed that American investors may be affected by price fluctuations.
● Whale James Wynn has completely closed a long position in BTC worth $1.2 billion
According to Odaily Planet Daily, whale trader James Wynn has completely liquidated his long position in BTC worth $1.2 billion, as reported by AggrNews.
● Whale James Wynn predicts Bitcoin price will reach $118,000 to $121,000
According to PANews, whale James Wynn posted on the X platform predicting that Bitcoin could reach $118,000 to $121,000 next week. He emphasized that these are predictions and not financial advice.
According to Deep Tide TechFlow, on May 24, Cointelegraph reported that governments, national pension funds, and sovereign wealth funds are increasing their investments in Bitcoin ETFs. De-dollarization, changes in energy markets, and increased institutional confidence are the main driving factors.
● Economists question the future value of Bitcoin, central banks increase gold reserves
According to Deep Tide TechFlow, economist Peter Schiff questions the future value of Bitcoin, pointing out that global central banks are increasing their gold reserves instead of buying Bitcoin. He asks why central banks choose gold over the dollar. Central banks purchase over 1,000 tons of gold annually, which is double the average level of the past decade. Bank of America strategist Michael Widmer suggests that emerging market central banks should raise their gold reserve targets to 30% to enhance financial protection. Schiff criticizes Bitcoin's volatility, believing that U.S. investors may be affected by price fluctuations.
● Federal Reserve policymakers take a cautious stance on interest rate actions
According to Jin10 Data, for several months, Federal Reserve policymakers have hoped for clearer fiscal and trade policies and economic responses before taking further action on interest rates. This cautious stance has led traders to withdraw bets on interest rate cuts at the June meeting, with the market expecting the policy pause to continue until the July meeting. However, futures market positions show that the probability of a rate cut before the end of September is still slightly above 50%. This reflects a bet on the clarification of the situation over the next four months: either inflation slows to pave the way for policy easing or economic deterioration forces the Fed to ramp up stimulus.
