Economist’s “News and Views” 11-19-2024
US Bitcoin Reserve to Kick Off Q1 2025? What It Means for Price & Global Markets | Natalie Brunell
Kitco News: 11-18-2024
The United States could soon establish a Bitcoin Strategic Reserve, with Wyoming Senator Cynthia Lummis leading the push for this unprecedented move.
According to Bitcoin educator and podcast host Natalie Brunell, Lummis suggests that the U.S. convert a portion of its massive gold reserves into Bitcoin, aiming to make this transition happen "very quickly" once the new administration is in place.
This proposal, which includes acquiring one million Bitcoins over the next 20 years, could mark a turning point for the global financial landscape, potentially boosting Bitcoin's value significantly.
Brunell explores what this proposal means for Bitcoin's future, the broader macro environment, and how corporations and governments are starting to adopt Bitcoin.
Tune in as we discuss the implications of this ambitious move and how it might affect Bitcoin's trajectory in 2025 and beyond.
00:00 Introduction
00:02 Senator Lummis' Bitcoin Proposal
00:24 MicroStrategy's Record-Breaking Bitcoin Purchase
01:34 Factors Driving Bitcoin's Surge
02:27 Bitcoin's Future and Institutional Adoption
04:59 Risks and Concerns for Bitcoin
06:42 Strategic Bitcoin Reserve Proposal
12:56 Political Developments and Regulatory Environment
16:03 Michael Saylor's Bitcoin Vision
18:12 Corporate Adoption of Bitcoin
19:24 Challenges in Bitcoin Education
21:28 Bitcoin's Future Trajectory
24:21 Conclusion
Alert! FOR THE 1ST TIME IN A DECADE, THE FED'S OWN STOCK MARKET INDICATOR GOES NEGATIVE.
Greg Mannarino: 11-19-2024
China’s Economic Genius Kicks U.S. Out of South America - Argentina Reveals The Truth
Sean Foo: 11-19-2024
In a shocking move, Latin America is moving closer to China. Argentina's President, Milei, has made a U-Turn, seeking to bring his economy closer to Beijing. This realization extends to the rest of the continent. China's economic genius strategy has integrated its economy in the region. As a result, the US faces almost insurmountable odds.
Timestamps & Chapters:
0:00 Argentina's Massive U-Turn
3:11 Economic Rescue From China
5:47 China's Genius Strategy
8:10 China Checkmates The US
10:56 US Lashes Out