穆迪

Little Fatty's Sharp Comment | U.S. credit rating downgraded three times! Bitcoin: This time I stand on the 'opposite side' of the dollar!
[#穆迪 Get ready! The U.S. credit rating has completely 'darkened']

On May 16, Moody's suddenly 'dropped a bomb' on the U.S.—downgrading the sovereign credit rating from AAA to AA+ for a painfully straightforward reason: the U.S. government owes more money than its GDP, and interest payments could consume 9% of fiscal revenue by 2035! This marks the third major rating agency to give the U.S. a 'bad review'; S&P did it in 2011, and Fitch in 2023, now Moody's delivers the final blow, shattering the myth of U.S. credit. The White House is furious: 'Did this rating agency accept rubles?' But data doesn't lie; the U.S. debt stands at $33 trillion, with annual interest payments of $1.2 trillion, higher than the GDP of many countries.

A senior director at Moody’s Analytics has highlighted the biggest driver behind the recent surge in Bitcoin prices, explaining that the “race is heating up” to launch a spot Bitcoin exchange-traded fund (ETF), stressing that large asset managers are “preparing to acquire underlying assets in order to offer ETFs to retail and institutional investors.”
The biggest drivers behind Bitcoin's price surge
Yiannis Giokas, senior director at Moody’s Analytics, a subsidiary of Moody’s Corporation that focuses on non-rating activities, has provided insight into the factors behind the recent surge in Bitcoin prices and highlighted the expected approval by the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF).