Securities Times reported that major financial majors in China 🇨🇳 such as Harvest Fund and Southern Fund have applied to establish a Bitcoin ETF in Hong Kong 🇭🇰

The Harvest Fund manages more than $230 billion in assets and the Southern Fund manages more than $280 billion.
#BTCHalvingApril2024 #EconomicForecast #BTCETFS

India 🇮🇳 will overtake Japan in nominal GDP in 2025 and become 4th largest economy in the world with a GDP of $4.34 trillion.
(IMF)
#india #EconomicForecast

🌱 PayPal unveils a proposal aimed at promoting eco-friendly Bitcoin mining, seeking to mitigate the environmental impact associated with the process.

💡 The initiative offers additional Bitcoin rewards to miners utilizing sustainable energy sources, aiming to incentivize the transition to greener mining practices.

📊 The proposal, disclosed by PayPal’s Blockchain Research Group, targets Bitcoin's proof-of-work (PoW) system notorious for its high energy consumption.

🔑 PayPal suggests allocating extra Bitcoin rewards exclusively to "green miners" identified through unique cryptographic hashes termed "green keys."

💰 Transactions tailored for green miners would incorporate a multi-sig wallet with additional Bitcoin accessible only with green keys, accompanied by reduced fees to attract environmentally conscious miners.

🔄 Despite the incentives, the proposal has sparked mixed reactions. Critics argue that many miners are already shifting towards greener methods without additional inducements.

🚫 Concerns linger over the possibility of non-green miners processing these transactions if the low fees fail to sufficiently deter them.

💡 PayPal's report explores alternative strategies, such as leveraging smart contracts or the Lightning Network, to directly reward green miners, albeit requiring heightened trust among participants.

#PayPal #BitcoinMining #EconomicForecast #PoW

📉🇺🇸 Elon Musk Drops Bombshell: Predicts America's Economic Decline 🚨💸

Elon Musk, the visionary CEO of Tesla and SpaceX, isn't mincing words about the state of the U.S. economy. His recent remarks echo the concerns of the ambitious BRICS nations, signaling a potential storm on the horizon. 💼💥

Musk's Critiques:
- Excessive spending 💰
- Soaring debts 📈
- Reckless money printing 🖨️

This cocktail of fiscal mismanagement paints a grim picture for America's financial future, according to Musk. 📉😟

Joining Forces with BRICS:
The BRICS nations—Brazil, Russia, India, China, South Africa, and others—are also sounding the alarm bells. They're distancing themselves from the U.S. dollar, fearing its instability could ripple through their economies. 🌍💔

Musk's Warning:
The U.S. dollar is compared to a meme coin—volatile and lacking credibility. With a national debt surpassing $34 trillion, America's financial stability hangs in the balance. 🪙❌

BRICS's Response:
These emerging economic powerhouses are seeking alternatives to the dollar, fostering trade in local currencies and challenging traditional economic norms. 💪🌐

Impact of De-Dollarization:
As BRICS nations bypass the SWIFT system and forge new financial networks, the dollar's dominance as the primary reserve currency is under threat. 🔄💰

The Road Ahead:
Musk and BRICS agree: America must change course. It's time for a fiscal reality check and a shift towards sustainable economic practices. 🛣️🔍

The Warning Signs are Clear:
Will America heed the call to action, or continue down a path towards economic decline? The fate of the global economy hangs in the balance. 🌎⚠️

It's a pivotal moment in history—will America rise to the challenge, or face the consequences of inaction? Only time will tell. ⏳🇺🇸 #EconomicForecast #BRICS #ElonMusk