The U.S. government is personally stepping in to give blockchain its stamp of approval! Economic data going on-chain ignites a new narrative in the crypto world!
U.S. Secretary of Commerce Howard Lutnick has just officially announced: GDP data will be released on-chain first, with other economic data to follow! This is the first time the government has publicly used blockchain technology for core economic indicators; on-chain data is immutable and fully traceable, directly hitting back at those who claim that 'blockchain is only useful for speculation'!
Putting traditional financial data on-chain is a game-changing advantage!
On-chain data transparency makes it harder for institutions to manipulate information and exploit retail investors;
The DeFi ecosystem welcomes heavy infrastructure—GDP data can directly trigger smart contract transactions, oracle projects (like LINK, BAND) will effortlessly benefit!
With the U.S. taking the lead, other countries will inevitably follow, creating opportunities for wealth in the on-chain data space! Remember when Brazil issued ID cards using blockchain in 2021, and the related public blockchain tokens surged by 90% in just one week?
This move is even more intense than an ETF! ETFs only bring cryptocurrencies into traditional financial markets, while putting economic data on-chain brings traditional finance into the crypto world! The U.S. government is essentially crowning blockchain—future interest rates and inflation will be synchronized on-chain, and speculation will no longer fear midnight attacks from the Federal Reserve!
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