Larry Fink, CEO of BlackRock, recently released his latest annual letter to investors, where he warned that the US could lose its dollar status as a reserve currency to assets like Bitcoin if the country is unable to control its debts. If the U.S. doesn’t get its debt under control. If the deficits keep ballooning, […]
dollar
ECB’s Philip Lane: Digital Euro Vital for Europe’s Financial Future
The European Central Bank (ECB) chief economist Philip Lane has voiced the urgent need for a digital euro. Lane emphasized the potential risks posed by foreign payment systems and stablecoins. He warned that these threats could undermine Europe’s financial autonomy, especially as geopolitical tensions grow. CBDC Counters USD-backed Payment and Stablecoin Risk Philip Lane, European […]
Dollar’s Dominance Sparks Crypto Caution: Bitcoin Bucks the Trend
The recent resurgence of the US Dollar Index (DXY) has sent shockwaves through the cryptocurrency and S&P 500 markets, according to recent insights by a crypto intelligence platform, Santiment. The DXY, reaching levels unseen since November, has historically signaled bearish sentiments for these assets. However, Bitcoin’s surprising resilience suggests the potential for a breakout once […]