@vitico2021 Chairman Powell's cautious stance on inflation control reflects the Fed's careful balancing act between curbing inflation and supporting economic growth amid uncertainties like supply chain disruptions and ongoing pandemic effects.
[Powell: Prematurely lifting inflation warnings was a mistake] According to an April 4 report, Federal Reserve Chairman Powell used the 1970s as an example to illustrate the mistakes of presidents. Central bank governor (announced soon to lift inflation warning). He doesn't think we'll be stuck in the 1970s anymore. He made it clear that the Fed needs to be sure that inflation is truly under control before declaring the Fed's mission accomplished.
🔥 SEC Commissioner Hester Peirce once again publicly criticized the SEC's crypto management methods.
Hester Peirce is one of five Commissioners of the SEC.
During the "SEC Speaks" event sponsored by the Institute of Law Practitioners, SEC Commissioner Hester Peirce criticized the SEC's regulatory approach to crypto, specifically focusing on Accounting Bulletin 121 (SAB 121). ).
SAB 121 was released in March 2022 and requires companies holding crypto on behalf of customers to have a 2:1 ratio to back the crypto, which is intended to prevent banks from entering the crypto market ( Thuan will share more in the video).
Commissioner Peirce has argued that the SEC's relationship with the public has become lax and unhealthy. The SEC applies rules and regulations haphazardly and causes confusion for companies.
The House Financial Services Committee recently voted to advance a resolution that, if passed by the entire Congress, would repeal SAB 121.
Fed Chairman Powell: The economy is strong. We don't need to rush to cut interest rates. If everyone disagrees, that's everyone's business, life will continue :)))
The US dollar held steady as markets focused on expectations of a Federal Reserve interest rate cut; The yen fluctuated against the US dollar as investors focused on intervention risks
In the 15-year history of BTC, no one has ever bought and held Bitcoin for more than 4 years and suffered a loss.
2012: $4.86
2013: $92
2014: $457
2015: $244
2016: $416
2017: $1,071
2018: $6,973
2019: $4,105
2020: $6,448
2021: $58,801
2022: $45,823
2023: $28,556
2024: $70,520
Comparing year to year is very difficult to see, but when you zoom out, you can see how terrible Bitcoin's growth is.
Tron asked the court to dismiss the SEC's lawsuit, arguing that the SEC has no jurisdiction over "foreign digital assets available to foreign buyers on global platforms."
Tron claims the tokens offered through the ICO are "entirely offshore" and are not being sold to any residents of the United States.
Are Financial Advisors Sleeping When It Comes to Bitcoin?
In today's investment world, Bitcoin is no longer just a phenomenon but has become an indispensable part of the investment portfolio of institutional investors. Growing adoption from investment funds, asset management companies, and major financial institutions has proven Bitcoin to be a valid and valuable investment asset.
This article will analyze why Bitcoin should be considered as an integral part of institutional investors' portfolios. And along with the role of financial advisors in providing information about the new asset class, Bitcoin, to their clients.
@btschartsdailyc Kizzie Streich NYT reporter, Pulitzer winner. Former campaign $$ diva, ProPublica, & AfPak hack, Chicago Tribune. Your anonymous dog. Woof woof! An avid follower and believer of Moon Nation Game
@btschartsdailyc Dion Veldhuizen My names in full are Francis ifeakachukwu Norbert am the CEO of norbijoe global ventures we ntrepreneur. General creator. Reader. Twitter ninja. Freelance explorer.