Category: Reddit Post

Binance Square: Donald Trump Says Bitcoin Is Going to the Moon: ‘United States Will Be the Crypto Capital of the …

Coinpedia: Former President and current Republican presidential nominee Donald Trump is scoring major points with crypto-minded voters in the United States. ‘Hello Bitcoiners, it’s good to be with you.’ he started. It seems like Trump’s days of bashing Bitcoin are over. Despite once calling it “scam,” Trump now appears to be offering the crypto community major support. He said, “Respect and admiration for what the bitcoin community has achieved.” Trump said that Bitcoin has become the most valuable asset in just 15 years. ‘That’s a big deal,’ he said. “Soon it will surpass the entire market cap of silver. One day it will probably overtake gold. There has never been anything like it. It’s a miracle of cooperation of human achievement,” Trump said. submitted by /u/Ankle_be [link] [comments]

Do you like McDonald’s?

MCDONALD’S 2Q REV. $6.49B, EST. $6.65B MCDONALD’S 2Q ADJ EPS $2.97, EST. $3.07 MCDONALD’S 2Q COMP SALES -1%, EST. +0.84% submitted by /u/XGramatik [link] [comments]

US announced a bill to purchase 1 million BTC

Wyoming Senator Cynthia Lummis spoke at the Bitcoin 2024 conference and announced a bill to purchase 1 million BTC for the US balance sheet, representing 5% of the total supply of the asset. “Creating a strategic bitcoin reserve will firmly establish the dollar’s position as the world’s reserve currency in the 21st century and ensure that we remain a global leader in financial innovation,” the official said. The bill is expected to be introduced “in the coming days.” That’s not bad news, is it? With all the attention on BTC, I think there’s a good chance that the US could accumulate 5 to 15% of the total BTC supply in +- 5 years. submitted by /u/dll_crypto [link] [comments]

E&E Daily: Senate panel votes to ban congressional stock trades.

The Senate Homeland Security and Governmental Affairs Committee approved compromise legislation Wednesday to ban lawmakers from trading stock. The issue has dogged lawmakers for years, and even though Chair Gary Peters (D-Mich.) has been trumpeting a bipartisan deal, lingering concerns made for a contentious markup. The bill would ban lawmakers, the president and the vice president from owning stock and certain other investments. They would have to divest starting in 2027. submitted by /u/Ankle_be [link] [comments]

Most of Us Will Be Poorer Than Our Parents. Here’s Why.

There is an opinion that today’s youth, the Generation Z (born between the late 1990s and the early 2010s), find it harder to become wealthy and succeed in life compared to their grandparents. Personally, I support this view, but I’m not inclined to pity Gen Z because this situation is easily explained. Let’s start with the fact that Generation Z has inflated expectations. There are two reasons for this. First, Gen Z members are more often the only child in the family compared to previous generations, meaning they received more parental attention and, as adults, perceive increased attention to their desires (“the world owes me everything”) as the norm. For example, numerous sociological studies note that more than 70% of employees from Generation Z expect their position and responsibilities to change at least once a year. 32% expect to hold a managerial position within 5 years of graduating (source: https://www.researchgate.net/publication/356346958_Gen_Z_Perceptions_and_Expectations_upon_Entering_the_Workforce). Second, modern media creates the impression among young people that they are born poor. Thirty years ago, people compared their lives to what they saw on TV, which mainly showcased the life of the upper middle class. Today, anyone can go on Instagram and realize how “insignificant” they are. Combined with inflated expectations, this heightens the sense of personal poverty and inadequacy. It might seem that we could end the post here, acknowledging that Gen Z’s high expectations clash with high ideals. But it’s not that simple. Modern youth truly have it tougher because they were born at an unfortunate time. Economic growth in the 21st century is lower than the average growth rates of the 1980s-2000s. Weaker economic growth results in less added value being created, intensifying the struggle for a wealthy life. In recent decades, most developed countries have seen no major redistributions of wealth. In the US, the last major redistribution was in 1933 under President Roosevelt, referring to the gold confiscation. Since interest rates are generally higher than GDP growth rates, assets tend to concentrate. Understandably, assets are usually owned by older people, not the youth, resulting in the wealth of the elderly growing faster than that of the young. Finally, life expectancy is increasing. “Old people” continue to hold key management positions and are doing just fine. This seemingly bleak situation is offset by the fact that today, there are exponentially more opportunities to earn money, become famous, and realize oneself compared to our parents’ generation. All it takes is the desire and perseverance. submitted by /u/FXgram_ [link] [comments]

S&P 500’s Wild Ride: Is the ‘Buffalo Market’ Here to Stay?

The S&P 500’s recent volatility has led experts to describe the current market as a “buffalo market,” with potential for both sluggish periods and growth driven by fundamentals like earnings and investment cycles. Election year volatility is expected, but markets usually strengthen post-election. Investors are advised to avoid holding too much cash despite attractive interest rates, as the Fed is expected to cut rates soon, and market pullbacks may present buying opportunities. Key Points: Market Drop and Recovery: S&P 500 experienced its worst session since 2022. Market recovery began with a sell-off in tech stocks. Current market termed as a “buffalo market” by Bank of America. Market Outlook: Fundamentals like earnings, investment cycles, financial conditions, and AI could sustain the market uptrend. Expect increased volatility around the election, with potential strong market direction post-election. Earnings Focus: Earnings recovery is a critical factor for market performance. Election policies will impact sectors and companies more than political outcomes. Investment Strategy: Higher interest rates provide good returns on cash, but holding too much cash can be risky. Fed is expected to cut rates in September and December. Market pullbacks are seen as buying opportunities for long-term goals. Will you adjust your investment strategy in light of the predicted market volatility? And do you think the ‘Buffalo Market’ will lead to more investment opportunities, or is it too risky? submitted by /u/Aftermebuddy [link] [comments]

During Donald Trump’s speech at the Bitcoin 2024 conference in Nashville BTC dropped by $2,000

https://preview.redd.it/flzqf0e8r4fd1.png?width=1280&format=png&auto=webp&s=a69a11fed4ec2340a170c1013b9c6006e92c7545 Trump promised to fire SEC Chairman Gary Gensler as soon as he becomes president. He also stated that he would not allow the introduction of a digital dollar and would support self-custody of cryptocurrency. Trump declared that the U.S. government would stop selling confiscated bitcoins if he is elected president. He also promised to make them part of the national strategic bitcoin reserve in the U.S. in case of an election victory. Among his unusual statements: the IQ level of Kamala Harris (his opponent in the presidential race) is very low. submitted by /u/XGramatik [link] [comments]