News with the tag "Debt ceiling"

Some issues never truly go away, and the U.S. debt ceiling, which limits the maximum amount the government can borrow, is one of them. It's back in the spotlight, but past experience suggests it could be positive for bitcoin (BTC) and risk assets in general. The U.S. will hit its roughly $36 trillio...

Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and...

The American rating agency Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ may embolden proponents of a BRICS currency, Riley Adams, a personal finance expert, has said. Adams however argues that there are certain “geopolitical issues” that must be overcome first before ...

Rich Dad Poor Dad author Robert Kiyosaki says the U.S. economy is not strong and America is broke. Noting that the stock market is going up because President Joe Biden raised the debt ceiling, he emphasized that he still prefers gold, silver, and bitcoin. Robert Kiyosaki’s Latest Economic Warnings T...

Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.

Bitcoin is beginning to appear bullish again in several technical charts after Janet Yellen – the present U.S. Treasury Secretary – said it was Congress’ job to raise the debt ceiling… or else. Janet Yellen Wants the Debt Ceiling Raised Yellen warned that this could be the month in which the United ...

The gross national debt of the United States has exceeded $32 trillion for the first time, highlighting the country’s concerning fiscal trajectory as policymakers gear up for another debate on government spending. This milestone, reached earlier than pre-pandemic forecasts had projected, reflects th...

United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollar’s role in the global financial system. The U.S. Treas...

The CEO of financial advisory firm deVere Group, Nigel Green, warns that US debt is likely to meteorically rise as he believes the government will struggle to pay off the interest of its $31.4 trillion obligation. Reacting to the bipartisan deal that saw the lifting of the debt ceiling, Green says t...

The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt ceiling deal “does not solve the underlying political challenge...