40: The $1.5 Trillion Tantrum
19 December 2024
Powell pulls the punchbowl and $1.5 trillion in 'paper wealth' vanishes. I'll unpack Wall Street's meltdown, JPOW's 'maybe we'll cut, maybe we won’t' strategy, and how inflation still runs the show. Then, we take a serious look at the idea of a U.S. Strategic Bitcoin Reserve. Could an executive order make it happen overnight?
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LINKS
- What Is the National Debt Costing Us?
- Bitcoin Miner Hut 8 Buys $100M BTC Bringing Total Holdings to $1B
- The Dutch government urged to establish a National Bitcoin Reserve in an open letter.
- CNBC Daily Open: Expectations on Fed cuts were the lethal blow to markets
- El Salvador secures $3.5 billion IMF financing package after agreeing to make accepting Bitcoin voluntary and unwind its Chivo wallet.
- Bitcoin Crosses $108k, US Spot ETFs Are The Largest Holder, MSTR To Enter Nasdaq-100
- US Federal Reserve cuts fed funds rate by 25 basis points
- SUMMARY OF FED CHAIR POWELL’S STATEMENT (12/18/24)
- Bitcoin Policy Institute drafts Executive Order for a Strategic Bitcoin Reserve for President Trump
- A US strategic reserve could push bitcoin to $500K: Bitwise CIO - YouTube
- FASB Officially Adopts Fair Value Accounting Rules for Bitcoin Starting December 2024
- El Salvador to Scale Back Bitcoin Policies for $1.4 Billion IMF Loan Deal
- BlackRock releases 3 minute educational video explaining what Bitcoin is.
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