Economie
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šŗšø Economist Peter Schiff is a harsh critic of the idea of āāgovernment Bitcoin, suggesting that selling all BTC held by the state would be a wise move. According to him, this would not only effectively reduce the 2024 budget deficit š§®, but also avoid the creation of a dangerous "Strategic Reserve" of Bitcoin š”ļø. Schiff, known for his skepticism towards cryptocurrencies, sees this action as a way to prove the instability of Bitcoin compared to gold. š° #Bitcoin #Economie #PeterSchiff
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The Fedās interest rate cut: What impact on cryptocurrencies?
šŗšøš On December 18, 2024, the U.S. Federal Reserve plans to cut interest rates by 25 basis points, lowering the federal funds rate to a range of 4.25% to 4.50%. This change could have significant repercussions on the cryptocurrency market.
Possible impacts:
1. An increased appetite for risk:
With lower rates, investors are looking for higher yields. Cryptocurrencies could become an attractive alternative to traditional investments, such as bonds or savings accounts, boosting demand and prices.
Possible impacts:
1. An increased appetite for risk:
With lower rates, investors are looking for higher yields. Cryptocurrencies could become an attractive alternative to traditional investments, such as bonds or savings accounts, boosting demand and prices.
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