The U.S. national debt has reached an unprecedented $37 trillion, setting off alarm bells among economists and policymakers. Years of aggressive government spending and multiple stimulus programs have driven debt levels to new heights. Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, says the real problem is uncertainty. “No one knows at what […]
GDP
Cathie Wood’s Forecast: El Salvador’s Bitcoin and AI Infusion to Propel GDP 10x
El Salvador is charting an ambitious path to economic transformation by adopting Bitcoin and artificial intelligence (AI). Cathie Wood, CEO of ARK Invest, recently projected that El Salvador’s initiatives to embrace Bitcoin and Artificial Intelligence (AI) could increase the country’s GDP tenfold by 2029. Wood’s optimistic forecast was shared on X, where she praised President […]
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 […]