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According to BlockBeats, on November 14, analysts from the International Institute of Finance (IIF) expressed concerns about the economic policies of the incoming U.S. president. The analysts highlighted that the proposed tax cuts, intended to reduce inequality without corresponding spending cuts, could lead to a significant increase in U.S. national debt. Currently, the debt stands at approximately 100% of GDP, but projections suggest it could exceed 135% within the next decade.
The IIF also warned of potential inflationary pressures. The incoming president's strategy includes imposing tariffs on foreign-manufactured goods, which could drive up spending and make imports more expensive. With the U.S. national debt nearing $36 trillion, the IIF cautioned that if the tax cuts result in greater-than-expected losses for the U.S. Treasury, the debt could surpass 150% of GDP.
Furthermore, the IIF pointed out the heavy reliance of U.S. sectors such as agriculture, construction, and healthcare on immigrant workers. The analysts noted that any measures to curb immigration under the new administration could exert additional upward pressure on prices, potentially exacerbating inflationary trends.
The IIF also warned of potential inflationary pressures. The incoming president's strategy includes imposing tariffs on foreign-manufactured goods, which could drive up spending and make imports more expensive. With the U.S. national debt nearing $36 trillion, the IIF cautioned that if the tax cuts result in greater-than-expected losses for the U.S. Treasury, the debt could surpass 150% of GDP.
Furthermore, the IIF pointed out the heavy reliance of U.S. sectors such as agriculture, construction, and healthcare on immigrant workers. The analysts noted that any measures to curb immigration under the new administration could exert additional upward pressure on prices, potentially exacerbating inflationary trends.
Gulf Oil Nations May Be Investing In Bitcoin
According to BlockBeats, there are reports suggesting that Gulf oil-producing nations such as Saudi Arabia, the United Arab Emirates, and Qatar may be purchasing Bitcoin at a sovereign level. This development is anticipated to be officially disclosed during the Abu Dhabi Bitcoin Summit, scheduled for December 9-10. The sovereign wealth funds of these countries, namely Saudi Arabia's Public Investment Fund (PIF), the Abu Dhabi Investment Authority (ADIA), and Qatar Investment Authority (QIA), collectively manage assets exceeding $2 trillion.
The report highlights that Bitcoin's total market capitalization has surpassed that of Saudi Aramco, the world's largest oil company, drawing significant attention to Saudi Arabia as the largest oil producer in the Gulf region. The investment strategies of these Gulf nations, which hold some of the world's largest sovereign wealth funds, are expected to have a substantial impact on the global cryptocurrency market. As the host of the upcoming Bitcoin conference, the UAE is also considered a potential participant in this investment trend. Additionally, there have been ongoing market rumors suggesting that Qatar might also engage in sovereign investments in Bitcoin.
$BTC
According to BlockBeats, there are reports suggesting that Gulf oil-producing nations such as Saudi Arabia, the United Arab Emirates, and Qatar may be purchasing Bitcoin at a sovereign level. This development is anticipated to be officially disclosed during the Abu Dhabi Bitcoin Summit, scheduled for December 9-10. The sovereign wealth funds of these countries, namely Saudi Arabia's Public Investment Fund (PIF), the Abu Dhabi Investment Authority (ADIA), and Qatar Investment Authority (QIA), collectively manage assets exceeding $2 trillion.
The report highlights that Bitcoin's total market capitalization has surpassed that of Saudi Aramco, the world's largest oil company, drawing significant attention to Saudi Arabia as the largest oil producer in the Gulf region. The investment strategies of these Gulf nations, which hold some of the world's largest sovereign wealth funds, are expected to have a substantial impact on the global cryptocurrency market. As the host of the upcoming Bitcoin conference, the UAE is also considered a potential participant in this investment trend. Additionally, there have been ongoing market rumors suggesting that Qatar might also engage in sovereign investments in Bitcoin.
$BTC
I’m a losing or again $DOGE
Or you think I should just close the trade
#LongTermAnalysis should share his or her thoughts cause I actually don’t understand what’s going on
#DogeForever
Or you think I should just close the trade
#LongTermAnalysis should share his or her thoughts cause I actually don’t understand what’s going on
#DogeForever
Do you think is going to again $0.40🤔
Trump’s Win Not the Only Driver Behind Bitcoin’s Surge, Says Industry Executive
$BTC
According to Cointelegraph: While Donald Trump’s victory in the U.S. presidential election has added momentum to Bitcoin’s recent price rally, Onramp Bitcoin co-founder Jesse Myers argues that the primary catalyst lies in Bitcoin’s post-halving supply shock. Myers explained in a November 11 X post that the real driver is the significant reduction in Bitcoin’s supply due to the April 2024 halving, which slashed block rewards from 6.25 BTC to 3.125 BTC.
Post-Halving Supply Sh
According to Cointelegraph: While Donald Trump’s victory in the U.S. presidential election has added momentum to Bitcoin’s recent price rally, Onramp Bitcoin co-founder Jesse Myers argues that the primary catalyst lies in Bitcoin’s post-halving supply shock. Myers explained in a November 11 X post that the real driver is the significant reduction in Bitcoin’s supply due to the April 2024 halving, which slashed block rewards from 6.25 BTC to 3.125 BTC.
Post-Halving Supply Sh
According to Cointelegraph: U.S. spot Ether ETFs registered their highest daily inflow on November 11, amassing $294.9 million as Ethereum’s (ETH) price surged to a 14-week high of $3,384. The influx of funds into Ether ETFs follows the broader crypto market rally triggered by Donald Trump’s presidential election win, which many see as a positive for the industry.
Fidelity Leads Ether ETF Inflows
Fidelity’s Ethereum Fund (FETH) led with a record $115.5 million in inflows, while BlackRock’s iShares Ethereum Trust ETF (ETHA) followed closely with $100.5 million. Grayscale’s Ethereum Mini Trust (ETH) added $63.3 million, and Bitwise’s Ethereum ETF (ETHW) contributed $15.6 million. Together, these inflows set a new record, far surpassing the previous high of $106.6 million on launch day in July.
Ethereum Catches Up in Bull Market Momentum
Although Ethereum has trailed behind top-performing assets like Bitcoin and Solana this cycle, BTC Markets crypto analyst Rachael Lucas observed that “Ethereum is starting to catch a bid.” Lucas noted that while U.S. spot Ether ETFs don’t offer staking returns, traditional investors are increasingly drawn to Ethereum’s potential in the current bullish environment.
Positive Outlook for Ether with Potential Pro-Crypto Policies
The newly elected Trump administration is expected to promote blockchain and accelerate digital financial technologies, which could further benefit Ethereum, said ZX Squared Capital founder CK Zheng. He anticipates that both Ethereum and Solana could see continued strong performance if pro-crypto policies are enacted.
Since their launch in July, U.S. spot Ether ETFs have collectively attracted nearly $3.1 billion in inflows, excluding outflows from Grayscale’s Ethereum Trust (ETHE), which saw substantial redemptions. BlackRock’s ETHA leads in cumulative inflows with over $1.5 billion since inception.$DOGE $BTC
$ETH
Fidelity Leads Ether ETF Inflows
Fidelity’s Ethereum Fund (FETH) led with a record $115.5 million in inflows, while BlackRock’s iShares Ethereum Trust ETF (ETHA) followed closely with $100.5 million. Grayscale’s Ethereum Mini Trust (ETH) added $63.3 million, and Bitwise’s Ethereum ETF (ETHW) contributed $15.6 million. Together, these inflows set a new record, far surpassing the previous high of $106.6 million on launch day in July.
Ethereum Catches Up in Bull Market Momentum
Although Ethereum has trailed behind top-performing assets like Bitcoin and Solana this cycle, BTC Markets crypto analyst Rachael Lucas observed that “Ethereum is starting to catch a bid.” Lucas noted that while U.S. spot Ether ETFs don’t offer staking returns, traditional investors are increasingly drawn to Ethereum’s potential in the current bullish environment.
Positive Outlook for Ether with Potential Pro-Crypto Policies
The newly elected Trump administration is expected to promote blockchain and accelerate digital financial technologies, which could further benefit Ethereum, said ZX Squared Capital founder CK Zheng. He anticipates that both Ethereum and Solana could see continued strong performance if pro-crypto policies are enacted.
Since their launch in July, U.S. spot Ether ETFs have collectively attracted nearly $3.1 billion in inflows, excluding outflows from Grayscale’s Ethereum Trust (ETHE), which saw substantial redemptions. BlackRock’s ETHA leads in cumulative inflows with over $1.5 billion since inception.$DOGE $BTC
$ETH
How $100 in DOGE could be worth
What If Dogecoin Skyrockets? Here’s How Much $100 in DOGE Could Be Worth
Dogecoin (DOGE), often seen as the ultimate “meme coin,” has had its fair share of ups and downs. Despite its humorous beginnings, Dogecoin has captured significant interest and investment, especially with backing from prominent figures like Elon Musk. Today, investors are keenly eyeing its potential future growth, asking: What could a modest $100 investment in Dogecoin be worth if it reaches new highs?
Understanding Dogeco
Dogecoin (DOGE), often seen as the ultimate “meme coin,” has had its fair share of ups and downs. Despite its humorous beginnings, Dogecoin has captured significant interest and investment, especially with backing from prominent figures like Elon Musk. Today, investors are keenly eyeing its potential future growth, asking: What could a modest $100 investment in Dogecoin be worth if it reaches new highs?
Understanding Dogeco